Mahansaria Tyres Private Limited (MTP) is pleased to announce the commencement of commercial
production at its state of the art greenfield Off Highway tyre manufacturing facility in Panoli, District
Bharuch, in the western Indian state of Gujarat.
Set up with an investment exceeding US$ 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
The plant was inaugurated virtually by the Chairman, Mr Ashok Mahansaria, Managing Director and
CEO Mr. Yogesh Mahansaria in the presence of key members of the organisation.
Speaking at the inauguration, our Chairman, Mr Ashok Mahansaria appreciated the untiring efforts of all
team members to successfully bring on stream the plant despite the challenges posed by the COVID
Commenting on the start of a new journey in the Off-Highway Tyre segment Mr. 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
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