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Maxxis Tyres Inaugurates First Plant In India
Auto Components India
|April 2018
Maxxis Rubber India Private Limited, a sub-company of the Maxxis Group, the largest two-wheeler tyre manufacturer in the world, has inaugurated its first manufacturing facility in India in Sanand, Gujarat.
The plant was inaugurated by Vijaybhai Rupani, Chief Minister of 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.
The plant set up on 106 acres with an investment of over $400 million (Rs 2,640 crore) has the capacity to produce around 20,000 tyres and 40,000 tubes for two-heelers daily. With this size and capacity, the company is targeting a market share of at least 15% of India’s tyre market within 5 years. Maxxis Rubber India started its own arm of business in India in 2015.
This story is from the April 2018 edition of Auto Components India.
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