The facility is currently dedicated to manufacture two-wheeler tyres and tubes, and will have a capacity to produce around 20,000 tyres and 40,000 tubes per day.
Maxxis Rubber India, a sub-company of Maxxis Group, today 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.
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.
