Maxxis India to set up 5 new manufacturing plants

Maxxis Rubber India, the Indian subsidiary of Tiwan-based tyre maker, plans to set up five additional manufacturing plants in the country.

The company said in a statement that it has commenced commercial supplies from its plant Sanand in Ahmedabad which was set up in March this year. The plant is spread across 106 acres and the amount iinvested in it was Rs 2,640 crore ($400 million).

It also stated that the company has rolled out the first consignment of two wheeler tyres from the plant to its long time business client Honda Motorcycle & Scooter India (HMSI). Since 2016, the company has been supplying OEM (original equipment manufacturer) tyre fitment to the Japanese subsidiary from its Vietnam manufacturing unit since 2016

Currently the manufacturing unit in Sanand is producing only two-wheeler tubes and tyres. The current production capacity of the unit for a day is around 40,000 tubes and 20,000 tyres.

By the end of this year Maxxis India aims to supply one millions tyres to its OEM partners. By 2023, the company is targetting to capture a market share of 15% , of the country’s two-wheeler tyre market.

“The company has plans to set up five more plants in India which will also cater to the four-wheeler tires market,” according to the statement.

Maxxis India, wholly owned subsidiary of Cheng Shin Rubber Ind. Co. Ltd., is the ninth largest tyre company in the world. Having it presence in six continents with 21 manufacturing plants and five research and development centres worldwide, the company is serving its customers across 180 countries.