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    Mahansaria’s US$100m Ascenso OTR tyre move: supply and risk notes for mines

    September 16, 2026|

    Reviewed by Tom Sullivan

    First reported on International Mining – News

    30 Second Briefing

    Mahansaria Group is investing US$100 million to build giant off-the-road (OTR) radial tyre manufacturing capability in India under its Ascenso brand, targeting large haul truck and loader sizes used in mining. The expansion aims to move Ascenso from current agricultural and medium OTR ranges into ultra-large mining tyres, a segment dominated by a few global suppliers and frequently constrained by supply shortages. For mine operators, an additional radial supplier from India could ease procurement risk and support localisation strategies in Asian and African projects.

    Technical Brief

    • Investment is being deployed by Mahansaria Group entities controlled by Ashok and Yogesh Mahansaria.
    • Capital outlay totals US$100 million dedicated specifically to giant OTR radial tyre manufacturing capability.
    • Production will be branded under the Ascenso name, extending its existing off-highway tyre portfolio.

    Our Take

    Most ‘Product’‑tagged mining pieces in our coverage focus on incremental tyre design updates or digital monitoring systems, whereas a greenfield US$100 million OTR radial capability suggests Ascenso is targeting OEM fitment and long-term supply contracts rather than just aftermarket share.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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