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July 24, 2017

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Tire maker eyes possible production base in India

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.

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