Maxxis Rubber India, a tyre manufacturing company has opened its first manufacturing plant at Sanand in Gujarat. Gujarat Chief Minister Vijay Rupani inaugurated plant on 7 March 2018.
Company will make an investment of USD 400 million towards the plant by 2021. Of the entire investment, the company has infused USD 320 million for Phase-I. It will have a production capacity of 20,000 2-wheeler tyres and 40,000 tubes a day. Manufacturing facility is spread over 106 acre. Under Phase-II and Phase-III, it plans to augment the capacity to 60,000 2-wheeler and 12,000 4-wheeler tyres.