Ascenso commits $100 million to mining tyre capacity in India

India’s mining industry is entering one of its most consequential phases in decades. A fast-expanding steel sector, rising coal and iron ore output, and a renewed national push to secure critical minerals such as copper, lithium, cobalt and rare earth elements - through initiatives such as the National Critical Mineral Mission and the auctioning of mineral blocks under the amended Mines and Minerals (Development and Regulation) Act - are together driving a new wave of investment in domestic mining capacity.

This build-out sits within India’s broader Atmanirbhar Bharat (self-reliant India) agenda, which has placed growing emphasis on developing mining, processing and equipment capability within the country rather than depending on imports.

Yogesh Mahansaria, Managing Director, Ascenso Tyres said, “Over the past four years, our foundation in Agriculture, Forestry and Construction taught us how important it is to stay close to customers on the ground, and that is exactly the approach we are bringing to mining. We are placing field application engineers directly in India’s key mining belts, from the coalfields of Jharkhand and Odisha to the iron ore regions of Chhattisgarh and Karnataka, so that we can respond to real operating conditions as they happen.”

Dhaval Nanavati, Chief Executive Officer, Ascenso Tyres said, “Looking ahead, Ascenso has laid out a multi-year roadmap for its R OTR range that extends into 2027 and 2028, progressively adding sizes and patterns across mining, earthmoving and loader applications. The company says this roadmap reflects a long-term, sustained commitment to the mining segment, in India and globally, consistent with its broader philosophy of Never Stop Rising.”