With an investment of Rs 2,640 crore, Maxxis Tyres’s first manufacturing facility in India has been inaugurated. The company intends to grab a market share of at least 15 per cent in the next five years. With the capacity to make 20,000 tyres and 40,000 tubes every day, the plant will certainly be helpful in that.
It’s spread over 106 acres, and is currently commissioned to make two-wheeler tyres and tubes only. The plant, product at which began in August last year, provides employment to 600 people, and the company expects the number will grow to 2000 within a time of five years. The plant, located in Sanand, Gujarat, was inaugurated by the state’s CM Vijaybhai Rupani, in the presence of Maxxis Group’s Tsai-Jen Lo, Cheng-Yao Liao, and Jia-Ciao Liou.
The company intends to be one of the top five tyre-makers in the world by 2026. It’s also the OEM supplier for Honda Activa, Maruti Suzuki, Mahindra, Tata, and Jeep in India. The company has its presence in 180 countries, and tyres from the new plant will be exported to South Asia first, followed by Africa and Middle East countries.
Maxxis India’s President, Cheng-Yao Liao said, “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.”
Maxxis India’s Spokesperson, Jia-Ciao Liou said, “With a rich global experience of over fifty years, Maxxis utilises the most advanced manufacturing equipment and engineering facilities in the industry. We are committed to delivering the same world class quality products and services that customers in India expect and deserve.”