By Sharad Matade| Sep 29, 2020

Mahansaria Tyres Inaugurates OHT Tyre plant

Mahansaria Tyres Private Limited (MTPL) has begun commercial production at its first greenfield OHT manufacturing plant, located in Gujarat,

MTPL has invested over $100 million for the plant, which has an annual capacity of 40,000 MT to produce Agri, industrials, construction and earthmoving applications  in the first phase.

The plant was inaugurated virtually by the Chairman Ashok Mahansaria, and Managing Director and CEO Yogesh Mahansaria in the presence of key members of the organisation.

Commenting on the start of a new journey in the Off-Highway Tyre segment Yogesh Mahansaria, Managing Director and CEO said “Our goal is to build a strong presence in the global Off-Highway Tyre market. The company has a robust product offering in the pipeline starting from Bias to high end Steel Radial, and All Steel Belted tyres which will address the toughest application, in the segment. 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. Through our new brand “ASCENSO”, we are committed to offer a wide range of world – class tyres that will help our customers unlock the true potential of their business. World is witnessing tough times but our brand mantra of “Never Stop Rising” will help all our stakeholders in sailing through these times and rise successfully. 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. We are also grateful to all our business partners globally who have shown their extreme confidence in our endeavor and partnering with us from the very beginning of this journey”. (MT)

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