SYAM Trelleborg Tires LLP (STTL) is a joint venture between Mahansaria Group (76%) and Trelleborg
AB (publ) (24%). STTL will manufacture two wheeler tires for (i) Trelleborg under their brand name Mitas for resale in International markets (primarily Europe and North America) and (ii) Mahansaria Group entity Reise Moto under a new brand name for domestic market in India and certain other South Asian countries.
STTL has set up a state of the art manufacturing facility in Sayakha Industrial estate in Gujarat. The facility is spread across 30 acres and boasts of the best in class tire manufacturing set up. Currently, Trelleborg is focused on the European market for the manufacturing of tyres for two-wheelers. The joint venture will pave the way for Trelleborg to grow its business globally by gaining access to additional production capacity.
Through this joint venture, we look forward to providing technologically advanced products of global standards to the ever-evolving Indian two-wheeler tyre market. This joint venture is also in alignment with the Indian Government’s “Make in India” initiative as it will help bring foreign technology and capital to India for manufacturing locally and serving Indian as well as global markets.
About Trelleborg Group
Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative engineered solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about USD 3.92 billion and operations in about 50 countries.
Currently Trelleborg through its business division, Trelleborg Wheel Systems, sells two-wheeler tyres, amongst other category of tyres, under the brand name “Mitas” in European and North American markets.
For information on Trelleborg Group – https://www.trelleborg.com/en
For more information on Mitas Motorcycle tyres – https://www.mitas-moto.com/en
