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.
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