We have set up a greenfield off-highway tyre manufacturing plant in Panoli, Gujarat (India). The state of the art facility, spread over 127 acres, is expected to have a manufacturing capacity of 70,000 MT built in two phases. The phase-1 capacity is 40,000 MT.
Ascenso is an off-highway tyre brand owned and promoted by Mahansaria Tyres Private Limited (MTPL). It is the third such venture by the renowned Mahansaria Family. In their journey of more than three decades, they have built two leading tyre brands with global footprints. Apart from Mahansaria Family, International Finance Corporation (IFC), World Bank’s financial arm, is amongst the early investor in MTPL and owns 10% shares in the company.