1. You Are At:
  2. English News
  3. Business News
  4. Maxxis India to supply scooter tyres to HeroMotoCorp

Maxxis India to supply scooter tyres to HeroMotoCorp

Maxxis India on Tuesday said it has entered into a partnership with two-wheeler major Hero MotoCorp to supply scooter tyres through an original equipment manufacturing association.

PTI PTI
New Delhi Published on: June 04, 2019 22:36 IST
Maxxis India entered into a partnership with two-wheeler
Image Source : PTI FILE PHOTO READ MORE

Maxxis India entered into a partnership with two-wheeler major Hero MotoCorp to supply scooter tyres

Maxxis India Tuesday said it has entered into a partnership with two-wheeler major Hero MotoCorp to supply scooter tyres through an original equipment manufacturing association.
 
As a part of this association, Maxxis will supply M6000 front and rear tyres, which are designed to provide extra strength and safety to scooters, the company said in a statement.
 
"It is a big step towards realising our vision of capturing 15 per cent of India's 2-wheeler tyre market by 2023...This association will be pivotal to our overall growth and help us achieve our target to triple our production volume in FY19," Maxxis India Plant Head Chun-Hsuan Liu said.
 
The first consignment has already been rolled out of the company's manufacturing facility in Sanand, Gujarat, the statement said.
 
"The Sanand facility is equipped with technologies of the future that enable us to produce world class quality products," Liu added.
 
The company said India is expected to play a vital role in achieving Maxxis’s global vision to become one of the top five tyres manufactures in the world by 2026.
 
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 the Middle East countries in the coming years. 
 
Maxxis said it has plans to set up five more plants in India which will also cater to the 4-wheeler tyres market. 
 

Latest Business News

Fight against Coronavirus: Full coverage

Write a comment

X