Mahansaria Tyres Private Limited (MTPL) has started commercial production of its ‘Ascenso’ brand of off-highway tyres at its manufacturing facility in Gujarat, India. Set up with an investment exceeding $100 million, the plant is spread across 127 acres of land in a special economic zone.

With a first phase capacity of 40,000 MT/annum, the plant will produce tyres to cater to the ever-growing demand for tyres in agricultural, industrial & construction and earthmoving applications. 

Yogesh Mahansaria, managing director and CEO, MTPL, said: “Our goal is to build a strong presence in the global off-highway tyre market. We are extremely positive about the global market and believe that the market has significant opportunity and room for a new brand in the value segment.”

“Our acquisition of a majority stake in European Agriculture Tyre Distributors GmbH is a first step in building a robust distribution in a highly competitive market of Europe.”

Read the full article here: https://www.pmvmiddleeast.com/78377-mahansaria-tyres-starts-commercial-production-of-ascenso-brand-of-off-highway-tyres-in-gujarat-india

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