Maxxis to set up five additional manufacturing plants in India

Maxxis India has decided to set up five additional manufacturing plants in the country.

The company, which is the Indian subsidiary of Taiwanese-based tyre-maker, has launched its first two-wheeler tyre consignment from its Sanand facility to Honda Motorcycle & Scooter India.

In a release, it said the company has plans to set up five more plants in India which will also cater to the four-wheeler tires market.

The Sanand facility is currently manufacturing two-wheeler tyres and tubes. The plant has a capacity to produce around 20,000 tyres and 40,000 tubes a day.

As per the release, Maxxis India is targeting to capture a market share of at least 15 per cent of the country’s two-wheeler tyre market by 2023.

Image Credit : voiceofindia.news

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