Maxxis India, the Indian subsidiary of the largest two-wheeler tyre manufacturer, has rolled out its first two-wheeler tyres consignment from the recently set-up Sanand facility. The company has been supplying OEM tyres fitment until recently through its Vietnam facility since 2016. For those asking, Maxxis is a wholly owned subsidiary of Cheng Shin Rubber Ind. Co. Ltd., which is the ninth largest tyre company in the world. It has its presence in 6 continents with 21 manufacturing plants and 5 R&D Centres worldwide, serving customers across 180 countries.
Commenting on the event, Mr. Liu, Plant Head, Maxxis India, said, “This is a landmark moment for us at Maxxis India as we mark the first ‘Made in India’ consignment delivery to our long-standing partners Honda Motorcycle & Scooter India. Maxxis has set high standards in providing benchmarked product quality and customer service, globally and India will be no exception." The Sanand facility will have a capacity to produce around 20,000 tyres and 40,000 tubes per day.
The Indian market is touted to play a vital role in achieving Maxxis’s global vision to become one of the top 5 tyre manufactures in the world by 2026. Production from the first phase of the India facility began in August, 2017 and the company aims to supply 1 million tyres to its OEM partners by end of this year. Maxxis India is targeting to capture a market share of at least 15 percent of India’s two-wheeler tyre market by 2023. Apart from catering to the domestic tyre market, the product portfolio from the Sanand facility will be exported to South Asia, and will further expand to Africa and Middle East countries in the coming years. The company also has plans to set up 5 more plants in India which will also cater to the 4-wheeler tyres market.