MTPL begins production at greenfield tyre facility in Gujarat

India’s Mahansaria Tyres Private Limited (MTPL) will now commence commercial production at its US$100 million off-highway tyre manufacturing facility in Panoli, western Gujarat, after a virtual inauguration by Chairman Ashok Mahansaria. MTPL’s new, state-of-the-art facility, spread across 127 acres of land, will cater to the ever-growing demand for tyres in the local agricultural, industrial/construction and earthmoving industries. The facility will reportedly have a Phase I capacity of 40,000 metric tonnes per annum.

“Our goal is to eventually build a strong presence in the global off-highway tyre market. MTPL has a robust product offering in the pipeline, from bias to high-end steel radial, and all-steel belted tyres which will address the toughest application in this tyre segment,” said CEO and Managing director, Yogesh Mahansaria.

The younger Mahansaria said that MTPL is confident with their venture into the global tyre market, especially with their new brand “ASCENSO” which will offer a wide range of world-class tyres. The brand is expected to boost sales and help customers back their business.

“Our acquisition of a majority stake in European Agriculture Tyre Distributors is another step to secure distribution in a highly competitive market in Europe. We are also grateful to all our business partners worldwide who have shown their extreme confidence in our endeavour and have partnered with us from the very beginning of this journey.”