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Maxxis Tyres inaugurate first manufacturing plant in Sanand

Auto News - Published on Mon, 12 Mar 2018

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ETAuto reported that Maxxis Rubber India, a sub-company of Maxxis Group, inaugurated its first manufacturing facility in Sanand, Gujarat. The plant with an investment of over INR 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% of India’s tyre market within 5 years.

The plant was inaugurated by Vijaybhai Rupani, Chief Minister, Gujarat, in the presence of Tsai-Jen Lo, Chairman, Maxxis Group; Cheng-Yao Liao, President, Maxxis India; and Jia-Ciao Liou (Gary), Spokesperson, Maxxis India.

Mr Cheng-Yao Liao, President, Maxxis India stated that Maxxis Global is targeting to become one of the top 5 tyre manufacturers in the world by 2026 and India market will play a vital role in their growth.

Mr Cheng-Yao Liao, said that “We are fully committed to the government’s Make In India initiative and our intent is to Make In India for the world. We monitored the market for over two decades and then devised the strategy for entering India. The manufacturing plant in Sanand is only the first step of Maxxis’s full range appearance in the country.”

Currently Maxxis 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.

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Posted By : Rabi Wangkhem on Mon, 12 Mar 2018
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