Maxxis signals India ambitions with first tire plant


NEW DELHI (NewsRise) — Four years after it entered India, Taiwan’s Maxxis launched its first tire manufacturing plant in the country, intensifying competition in the red-hot two-wheeler market.

Maxxis, a unit of Taipei-listed Cheng Shin Rubber Industry, will initially produce tires for scooters and motorcycles at the $400-million factory in Sanand, a fast-developing auto hub in the western Indian state of Gujarat.

The plant can produce up to 20,000 tires and 40,000 tubes per day, the company said in a statement Thursday.

Read the source article at Nikkei Asian Review