Upcoming Tyre Manufacturing Business Raising Funds
About Business
A proposed manufacturing venture is being developed in the two-wheeler and three-wheeler tyre segment, comparable to established brands such as MRF, CEAT, and Apollo Tyres. The Indian tyre industry is valued at approximately ₹1,20,000 crore annually and is currently dominated by a small number of major domestic players, indicating a concentrated but high-potential market.
The promoter brings academic expertise in rubber technology along with prior industry experience in the Hawai chappal manufacturing sector. Based on market assessment, the business anticipates strong demand both within India and in selected international markets, with projected profitability margins of around 40%.
The planned initial investment for setting up the manufacturing facility is approximately ₹15 crore, with an expected turnover of around ₹100 crore in the operational phase. The long-term vision is to scale the business into a ₹1,000 crore enterprise. The proposed manufacturing unit is planned to be established in Bengaluru.
Clientele type
They will cater to the two-wheeler and three-wheeler segment of India.
Premises
They have shortlisted a few land parcels.
Asking Price Includes
The terms of the transaction will be discussed with potential investors.
Asking Price
INR 6.00 Cr
Minimum ticket size
INR 6.00 Cr
Reason
They are raising funds to launch the business.
Keywords
Business Tags
Fundraising for ₹10 Cr – 500 Cr
Confidential Process Completed in 120 Days
Strategic Preparation, Aligned Investor Outreach and Seamless Closure
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