Metro develops tubeless tyres for motorcycles with Continental
Metro Tyres develops and designed tubeless tyres for motorcycles with Continental AG of Germany in technical collaboration. Metro tyres, initially will manufacture tyres from its state-of-the-art Ludhiana plant where it has invested Rs.30 Crore for upgradations and capacity expansion. Metro has earmarked another investment of Rs.50 Crore to be invested in the Manesar (Gurgoan) Plant for their tubeless tyre Venture.
Metro tyres are looking at OEMs and Export Markets for their tubeless tyres in the wake of the growing Indian Two-wheeler Industries, more in specific, the High End Motorcycles. Metro senses a huge demand for tubless motorcycle tyres here.
The overall 10-12 percent growth in motorcycle sales and around 29 percent growth in export sales are together paving way to create this demand for tubeless tyres. Metro supplies its tyres to Continental for the overseas market, while the domestic market already has the OEM development for the 250cc category bikes.
The company has capacity to produce 2 lakh motorcycle and two-three wheeler tyres and tubes per month, which will be escalated to 5 lakhs tyres and tubes per month post Manesar expansion. Metro is looking at a turnover of Rs.600 crore by 2012 and aims to be a 1,000 crore player in the next 4 years.