NEW DELHI, India—Known principally for the past five decades as a producer of bicycle and scooter tires, Ralson India Ltd. is making the jump to a full-fledged tire company with the opening of a state-of-the-art truck/bus tire factory in west-central India.
Ralson's decision to enter the U.S. market, disclosed at this year's SEMA Show, was made roughly three and half years earlier, when the owners of the company approved investing $350 million in a greenfield factory in Indore, Madya Pradesh, in west-central India.
Ralson, which claims to be one of the world's top five two-wheeler tire manufacturers, began producing automotive tires in 2000 at a plant opened near the firm's headquarters in Ludhiana.
To get the truck tire project off the ground, Ralson Group set up a new company, Ralson Tyres Ltd.