2018
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Detailed explanation-1: -NEW DELHI: Taiwanese tyre major Maxxis Group is betting big on India, where it plans to build up to five factories, as it expects the country to play a crucial role in its chase to become a top five global player by 2025, according to a senior company official.
Detailed explanation-2: -Maxxis International started in Taiwan in 1967 as a manufacturer of bicycle tires. Maxxis steadily grew into what it is today: the largest bicycle tire manufacturer in the world.
Detailed explanation-3: -Based in Taiwan, Maxxis are one of the world’s top-ten tyre manufacturers and well-known for their affordable high-performance tyres.
Detailed explanation-4: -The plant will come up over a 200-acre site in Chinnapanduru village near Sri City in Tirupati district and produce passenger car radial (PCR) tyres with an initial capacity of 55 lakh (5.5 million) tyres per year and also truck bus radial (TBR) tyres and will serve both domestic and export markets.