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May issue.

Product Spotlight

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Maxxis India expands footprint in India

Tuesday, May 15, 2018
Uttar Pradesh, India - Maxxis India, a sub-company of Maxxis Group, announced the appointment of its first distributorship in Gorakhpur, Uttar Pradesh. The new distributorship, Hanumant Enterprises (proprietor, Ganga Prasad Jaiswal), located in Village Haraiya, Gorakhpur, will reach out to dealers, auto part retailers and independent repair shops around Varanasi, Gorakhpur, Allahabad and adjoining areas. Commenting on the appointment, Jia-Ciao (Gary) Liou, spokesperson, Maxxis India, said, “We at Maxxis believe that distributors and dealers are our brand partners in true sense. We have had a long-standing partnership with MTTK and are delighted to team up with them to expand our footprints in Uttar Pradesh. We are confident that the addition of new distributors will significantly improve our presence and position in the region.” Maxxis India inaugurated its first manufacturing facility in Sanand Gujarat in March this year and is targeting to capture a market share of at least 15 percent of India’s tire market within five years. The plant, with an investment of over $400 million (Rs 2,640 crore), is spread across 106 acres and is currently dedicated to the manufacturing of two-wheeler tires and tubes with a capacity to produce around 20,000 tires and 40,000 tubes per day. MTTK Trading Private Limited is responsible for supplying passenger car, as well as two-wheeler tires, for after-sales markets in Uttar Pradesh, Haryana, Punjab, Delhi, Chandigarh, Uttrakhand, Himachal Pradesh and Jammu and Kashmir. So far, MTTK has on-boarded six distributors in North India and has plans to add six more by the end of this month. Maytar Korcharoenkiat, director, MTTK Trading, said, “The product quality and positive customer feedback of Maxxis Tyres have undoubtedly helped us grow in the regions we already have a presence in. We currently have a total of 177 dealers across North India and are targeting to have over 700 dealers partners on board by next month. With the appointment of our UP distributors, we aim to have associations with 200 dealers in the region by this month.” “With great emphasis on digitization and business analytics, we will constantly work towards providing support to all our dealer partners to help them run their business effectively. It is our endeavor to provide a heightened experience to the dealers and end users alike,” asserted Gary Liou. The India market is touted to play a vital role in Maxxis’ global vision to become one of the top five tire manufacturers in the world by 2026. Uttar Pradesh being the most populous state of the country and a key driver of growth in the auto sector is a significant market for Maxxis in India. Maxxis currently serves as an OEM tire supplier to Honda (two-wheelers), Maruti Suzuki, Mahindra, Tata and Jeep in India. The production from the first phase of the India facility began in August 2017, and Maxxis India has been selected as the original equipment tire supplier to India’s number one selling model, Honda Activa, since 2015. The company has plans to come up with five more plants in the future which will also cater to the four-wheeler tires market. - * Email

This Weeks Headlines - Past 7 Days

Monday, May 21, 2018
Redwood Plastics and Rubber appoints Angela Rodenburgh vice president of sales and marketing
GRI served as silver sponsor of the World Rubber Summit 2018
Denka to increase chloroprene rubber production by 10,000 tons
Toyo Tire to launch premium tire for SUVs
Global polyols market forecast to reach $34 billion by 2022

Friday, May 18, 2018
American Tire Distributors Inc. struggles after Goodyear defection
USTMA to roll out National Tire Safety Week May 21 to 28
MonTech to present at Maplan’s Days of Technology in South Elgin, IL
Book of the Day - Rubber Extrusion Technology Short Course Notes
Apollo Tyres tops JD Power survey on India Tyre Customer Satisfaction Index

Thursday, May 17, 2018
Momentive announces first quarter results
Lion Elastomers presents the Melvin Mooney distinguished technology award earns best manufacturing website award
Songwon Industrial releases first quarter results
Cabot Corporation named to CR magazine’s 100 best corporate citizens list for 2018

Wednesday, May 16, 2018
Evonik awards $9,900 in grants to STEM programs in Indiana
Clariant introduces additive solutions to North American manufacturers for automotive and packaging
Arkema increases prices of Ensoline PHE and Ensoline PHP
Ashland develops high-performance solution acrylic pressure sensitive adhesive
Lubrizol presented Estane TPU high performance solution for surface protection at NPE2018

Tuesday, May 15, 2018
Michelin teams with Vans to create limited-edition Classics to help improve teen driving safety
Cooper Tire & Rubber outlines strategic plan at Investor Day
Maxxis India expands footprint in India
Cooper Standard acquires 80.1 percent of LS Mtron’s automotive parts business
Nitrile butadiene rubber market forecast to reach $1.39 billion by 2022

Todays Headlines

VMI Group

Featured Website
Founded in 1957, Hoosier Racing Tire Corp. is the largest race tire manufacturer in the world. Over 1,000 different types of race tires are produced, with all tires manufactured in the United States. Hoosier has expanded their Plymouth, IN manufacturing plant and established Hoosier Custom Manufacturing, offering calendering, gum calendering, rubber mixing, specialty tires, components and engineering/testing services to the market.

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