Tire maker eyes possible production base in India
June 17, 2012, 12:09 am TWN
TAIPEI--Cheng Shin Rubber Ind. Co. Ltd., one of Taiwan's leading manufacturers of tires for cars, motorcycles and bicycles, said Saturday it might set up a production base in India to tap the fast-growing market there.
Cheng Shih President Chen Yun-hwa said demand from emerging economies, including India and countries in Africa and the Middle East, remains strong despite the escalating debt problems in the eurozone.
Chen said a slowing global economy amid the European debt crisis seems to have had only a limited impact on the Indian market.
Cheng Shin has already been working with three major car makers in India — Tata Motors, Maruti Suzuki India and Mahindra & Mahindra — producing tires for certain of their models.
According to Cheng Shin, the Taiwanese company is planning to open a representative office in India later this year and to send technology specialists there to strengthen after-sales service.