Maxxis Rubber India, a sub-company of Maxxis Group, the largest two-wheeler tyre manufacturer in the world, recently inaugurated its first manufacturing facility in Sanand, Gujarat.
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% of India's tyre market within 5 years.
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.
"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, " Cheng-Yao Liao asserted.
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.
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