|Tyre-maker Maxxis Rubber India, an arm of Taiwanese Maxxis Group, recently inaugurated its first manufacturing plant in India at Sanand. The facility, set up with an investment of Rs. 2,640 crore ($400 million) has the capacity to produce 20,000 two-wheeler tyres and 40,000 tubes in the first phase.|
The company, which currently imports its tyres from its Thailand facility to supply to the automobile majors, now also looks to produce four-wheeler tyres in the subsequent phases of commissioning of the plant.
“By 2021, we plan to have full commissioning with two-wheeler tyre capacity at 60,000 per day, tubes capacity at 40,000 and four-wheeler tyres capacity at 12,000 units. Overall investment for the full commissioning will be $400 million," said Jia-Ciao Liou, spokesperson, Maxxis India, at the launch of the facility.
Gujarat Chief Minister Vijay Rupani inaugurated the newly set up facility at Sanand GIDC, which will employ about 2,000 workers. A memorandum of understanding (MoU) was signed for the project with the Gujarat government during the Vibrant Gujarat Summit in 2015.
According to Liou, Maxxis has nominal share in India's tyre market, but with newly built production facility, it aims to capture 15 per cent market share in the country over the coming years. “We also have plans to export tyres for our other markets in Africa, Middle East and Europe from the Gujarat facility,” said Liou.
Maxxis India currently supplies tyres to Honda two-wheelers. Cheng-Yao Liao, President, Maxxis India said: “Maxxis Global is targeting to become one of the top five tyre manufacturers in the world by 2026 and India market will play a vital role in its growth”.