Monthly Archives: March 2018

KHED CITY Welcomes new member in the family “Hengtong Optic-Electric Co. Ltd.”, from China.

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MoU was signed on March 25, 2018

Hengtong Optic-Electric India Pvt. Ltd is the 51st wholly-owned subsidiary. Hengtong Optic-Electric Co. Ltd and its wholly owned subsidiary ABERDARE HOLDING EUROPE B.V will invest more than 25M USD in the first phase and another 10M USD in the future. Hengtong Optic-Electric India Pvt. Ltd plan to commence the production in the middle of 2019, and will create more than 300 jobs in the first phase. Read More

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Maxion Wheels Chooses Khed City.

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The Agreement signed on March 23, 2018 .


Maxion Wheels, the world’s largest automobile wheel manufacturer, producing 56 million wheels per year, is all set to build a new manufacturing facility in Khed City. Spread over a 20 acres land parcel, the plant will have an annual capacity of 2 million wheels in the first phase. The company eventually intends to boost its capacity to 4 million wheels and is expected to invest Rs. 350 Crores in this facility.

Maxion Wheel’s new wholly-owned operation will bring more than 500 new jobs to the region. The company serves its global OEM customers from 28 locations in 15 countries across five continents. The company already has a presence in India for more than 20 years supplying light and commercial steel wheels to OEMs. The company’s wide portfolio also includes wheels for agriculture, military vehicles as well as other off-highway applications.


Maxion Wheels to build new manufacturing facility in Khed City

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