Metro Tyres Looks Towards EU for Expansion
Motorcycle and bicycle tyre manufacturer Metro Tyres has discussed plans to expand into European markets. The Punjab, India based manufacturer entered into a technical collaboration deal with Continental in January and is now in the process of preparing for the unveiling of its European distribution cell. Conti will also source bicycle tyres from the company.
“European markets hold much bigger potential for the company as far as cycle and bike tyres are concerned,” said Metro Tyres managing director Rummy Chabbra. He further commented that Metro Tyres currently holds 24 per cent of the bicycle and 3 per cent of the motorcycle tyre market in India. The company aims to capture a 10 per cent share in the motorcycle sector with the next two years.