News & Events

Metro Tyres aims to increase its total revenue to Rs 1000 crore in the next three years with an investment of Rs 300 crore, Rummy Chhabra, Managing Director of Metro Tyres, told ETAuto.
"We will put this investment in the next two to three years towards R&D and capacity expansion at Ludhiana and Manesar plants," Chhabra said on Wednesday. The tyre maker will get the fund from promoters and internal accrual and if needed it may also look at few banks. The company is looking at 10% growth in the current financial year.
Metro Tyres also announced its expansion into the two-wheeler radial motorcycle tyre segment in India for the passionate motor bike riders. The all-new Metro Radial Motorcycle Tyres were unveiled by Chhabra here on Wednesday. The tyre maker currently has 5% market share in the two-wheeler segment and aims to get 10% market share in the next three years.
Speaking on the launch, Chhabra said, "We have always believed in introducing products which offer the best to our customers. With this foray, we aim to create an offering, which would allow the evolving Indian customer to have an exemplary driving experience on the challenging Indian roads &under extreme weather conditions."