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Mahansaria family enters into a JV with Trelleborg

By Niranjan Mudholkar,

Added 07 December 2018

For production of tires for two-wheeler vehicles

handshake

Mahansaria Family and Trelleborg AB (publ) have signed an agreement to form a joint venture in India for the manufacturing of tires for two-wheeler vehicles. For Mahansaria Family, this venture is a part of its strategy to enter the fast-growing two wheeler tire market in India.

Currently, Trelleborg is focused on the European market for the manufacturing of tires for two-wheelers. The joint venture will pave the way for Trelleborg to grow its business globally by gaining access to additional production capacity.

The joint venture will establish a production site in Western India and deliveries are expected to begin by end of 2020. The joint venture will be 76:24 owned by the Mahansaria family and Trelleborg, respectively.

(Continued on the next page)

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