In an expansion of its presence in the world’s fastest growing large economy, Maxxis has officially opened its new plant in Sanand, Gujarat, India. Gujarat’s Chief Minister, Vijay Rupani, presided over the grand opening, along with Maxxis Group Chairman Tsai-Jen Lo, Maxxis - India President Cheng-Yao Liao, and Jia-Ciao Liou (Gary), spokesperson for Maxxis India.
Located in Ahmedabad in the Indian state of Gujarat, the plant is spread across 106 acres and was set up with an investment of approximately US$400 million. The new factory, which began operations six months ago, specializes in the production of tires and tubes for two-wheel vehicles. With an initial daily capacity of 20,000 tires and 40,000 tubes, the facility currently employs 600 people, a number which is expected to grow. Maxxis is targeting a market share of at least 15% of India’s tire market within five years, which would see the workforce expand to 2000.
India is projected to be the world’s fastest growing large economy in 2018 according to international business magazine The Economist. “The Indian market will play a vital role in our growth. We are fully committed to the government’s ‘Make in India’ initiative. We monitored the market for over two decades and then developed the strategy for entering India. The manufacturing plant in Sanand is only the first step in developing the full Maxxis range in the country,” said Liao.
Maxxis Rubber India was established in 2014 and gained its first original equipment business the following year, supplying India’s top-selling motorcycle, the Honda Activa 3G. In addition to Honda, Maxxis also delivers original equipment tires to Maruti Suzuki and Mahindra in India.
In keeping with Maxxis’ commitment to good corporate citizenship, the new plant is eco-friendly. The Sanand facility has an efficient effluent treatment plant (ETP) and sewage treatment plant (STP) that allows the Maxxis factory status as a Zero Liquid Discharge facility.
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