Maxxis India, which inaugurated its first tyre manufacturing facility in the country at Sanand (Gujarat) in March this year, has expanded its distribution network in India by appointing its first distributorship in Gorakhpur, Uttar Pradesh. Maxxis India is a sub-company of Maxxis Group - the largest two-wheeler tyre manufacturer and the ninth largest tyre company in the world.
The new distributorship, Hanumant Enterprises, will reach out to dealers, auto part retailers and independent repair shops around Varanasi, Gorakhpur, Allahabad and adjoining areas.
Maxxis India is targeting to capture a market share of at least 15 per cent of India’s tyre market within 5 years. The plant with an investment of over $ 400 million (Rs 2,640 crore) is spread across 106 acres and is currently dedicated to manufacturing of two-wheeler tyres and tubes with a capacity to produce around 20,000 tyres and 40,000 tubes per day.