Maxion Wheels has announced that the company has broken ground for a new production facility in India. This makes Maxion the first global light vehicle aluminum wheel manufacturer to set up a plant in India. The plant will make low pressure die cast aluminum wheels with a high-end wheel finish.
The company has already purchased a plot in Khed City, Pune and the manufacturing plant will initially cover 25,000 square meters. The plant which is slated to become operational by the third quarter of 2019 is expected to have an annual capacity of two million wheels and eventually the capacity will be expanded to four million wheels. Additional land has already been purchased for the expansion of the plant.
The company will be operating in India under a new legal entity, Maxion Wheels Aluminum India Private Limited. Speaking at the groundbreaking ceremony, Pieter Klinkers, Chief Executive Officer, Maxion Wheels said that the company is setting up the plant to cater to the growing demand in India, where the market is growing at a faster pace than the currently available capacity.
Maxion Wheels has been operating in India for over 20 years and has been supplying OEMS with steel wheels for light and commercial vehicles.
Klinkers added, “We’re pleased to satisfy our global customers’ growing request that we bring our recognized global aluminum wheel expertise to India, and we are excited about the opportunity our new plant will afford us to strengthen our global footprint and strategically expand our presence in the region.”
The new factory which will be wholly owned by Maxion Wheels is expected to create over 500 new jobs in the region.
Hamid Moaref has always been fascinated by cars and the automotive industry. His family has a longstanding association with the industry and has been in the tire business for the past 35 years. Raised in Dubai, Hamid attended Capilano University in Vancouver where he graduated with a BBA in marketing before attending an intensive course in magazine publishing in 2005. He has been the publisher and chief editor of Tires & Parts magazine for the past ten years.
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