PATHARI, Dec 21: Bishal Group in collaboration with Yuchar Group of India is all set to run a tire industry investing Rs 50 million. The company will bring in tiers in the market in three weeks.
The company, which stretches along the area of three bigha of land in Katahari of Morang district, will manufacture four types of tires at the start, targeting tractors, motorcycles, scooters and auto-rickshaws, said Binit Singhaniya, a staffer of the company.
The company has a target to manufacture as many as 200,000 pieces of tires annually.
Director of Bishal Group Anuj Agrawal said the company has been established with a view to reducing imports of tires. The company is importing raw materials from India.