Exhibit 12.1

TITAN INTERNATIONAL, INC.

COMPUTATION OF EARNINGS TO FIXED CHARGES

(Amounts in thousands)

	Year ended December 31,															Three months ended March 31
	2013			2014			2015			2016			2017			2017			2018
Earnings:
Earnings (loss) before income taxes	$	52,490		$	(151,109	)	$	(55,072	)	$	(36,474	)	$	(52,876	)	$	(7,143	)	$	13,900
Add/(Subtract):
Fixed charges		49,265			39,359			36,673			35,233			32,395			8,328			8,054
Amortization of capitalized interest		11			22			22			22			134			5			66
Distributed income of equity investees		514			558			473			555			820			305			376
Capitalized interest		(237	)		(247	)		(814	)		(1,186	)		(276	)		(152	)		0
Equity method income		(1,430	)		(2,108	)		(1,790	)		(2,977	)		(3,615	)		(810	)		(1,116	)
Noncontrolling interest in pretax (income) loss of subsidiaries without fixed charges		5,177			385			7,147			410			3,346			(278	)		1,078
Earnings available for fixed charges	$	105,790		$	(113,140	)	$	(13,361	)	$	(4,417	)	$	(20,072	)	$	255		$	22,358
Fixed charges:
Interest expense	$	47,120		$	36,564		$	34,032		$	32,539		$	30,229		$	7,721		$	7,518
Capitalized interest		237			247			814			1,186			276			152			0
Estimated interest in rent expense		1,908			2,548			1,827			1,508			1,890			455			536
Total fixed charges	$	49,265		$	39,359		$	36,673		$	35,233		$	32,395		$	8,328		$	8,054
Ratio of earnings to fixed charges (a)		2.15			n/a			n/a			n/a			n/a			0.03			2.78

(a) Earnings were insufficient to cover fixed charges for the years ended December 31, 2014, 2015, 2016, and 2017, by $152.5 million, $50.0 million, $39.7 million, and $52.5 million, respectively.