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Archives

Maxxis inaugurates tyre plant in Gujarat

29/03/2018 | Author: Autoguide | 0 Comments Back To Home   < Previous News   |   Next news >

Maxxis tyre plant in Gujarat

Maxxis Rubber India, a sub-company of Maxxis Group inaugurated its first manufacturing facility in Sanand, Gujarat. The plant was inaugurated by Mr Vijaybhai Rupani, CM, Gujarat, in the presence of Mr Tsai-Jen Lo, Chairman, Maxxis Group, Mr. Cheng-Yao Liao, President and Mr Jia-Ciao Liou (Gary), Spokesperson, Maxxis India.
 
The plant with an investment of over $400 million (Rs 2,640 crore), is spread across a massive 106 acres. The facility is currently dedicated to manufacturing of two-wheeler tyres and tubes and will have a capacity to produce around 20,000 tyres and 40,000 tubes per day. With this size and capacity, the company is targeting a market share of at least 15 per cent of India’s tyre market within 5 years.
 
Mr Cheng-Yao Liao said that Maxxis Global is targeting to become one of the top five tyre manufacturers in the world by 2026 and India market will play a vital role in their growth.
 
Maxxis currently serves as an OEM tyre supplier to Honda (Two-wheelers), Maruti Suzuki, Mahindra, Tata and Jeep in India. Apart from catering to the domestic tyre market, the product portfolio from the facility will be exported to South Asia, and will further expand to Africa and Middle East countries in the coming years.
 
Maxxis’s global product portfolio includes tyres for passenger cars, two-wheelers, light trucks, trucks, buses, ATV’s and agricultural & industrial vehicles. The group has its presence in 6 continents with 21 manufacturing plants and 5 R&D centres worldwide. 
 

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