Maxion Wheels Celebrates Inauguration Ceremony Of Formare in India

Maxion Wheels Celebrates Inauguration Ceremony Of Formare in India

Maxion Wheels, a leading global wheel manufacturer, in partnership with Iochpe Foundation from Brazil and Savitribai Phule Pune University (SPPU), celebrated the inauguration of the company's first Formare programme in Asia today with a ribbon-cutting ceremony held at the brand-new Formare Learning Centre in Pune, India.  

Formare is a well-established academic scholarship programme for underprivileged youth in Brazil and Mexico. It recently celebrated its 35th anniversary, which is a benchmark in Brazil for providing professional training to economically and socially vulnerable young people. With this inauguration, Formare started its first class in India by selecting 26 EWS students for the two-year academic and industry programme that began with SPPU university classes in July and professional training at Kalyani Maxion Wheels’ manufacturing operation in Pune.

In addition to 100 percent tuition fees being reimbursed, they will receive a uniform, transportation, meals and a monthly stipend. After successfully completing the two-year programme, students will receive a Manufacturing Technology academic diploma.

Marcos Oliveira, President and CEO of Iochpe-Maxion and Chairman of the Board, Iochpe Foundation, commented, “The launch of Formare in India is a special moment for our company – a true testament to Iochpe-Maxion’s dedication to transforming lives through education and opportunity. For more than 35 years, we have successfully connected classroom learning with real-world workplace experiences for thousands of students in Brazil and Mexico and excited now to bring this successful programme and social benefits to India.”

“People and culture are at the centre of everything we do, from the wellbeing and inclusion of our employees to the social and environmental needs of those who live in our communities. The primary objective of Formare is to enhance the employability of underprivileged youth, and in this case, for the Pune region. I’m proud of the company and many Formare volunteers who work tirelessly to create a better shared future for us all,” said Pieter Klinkers, CEO of Maxion Wheels.

Sutheep Ratnabhas, President of Maxion Wheels’ Asia business unit, said, “Unlike other educational scholarship programs in the region, Formare is not focused on moulding students into future employees; instead, we want to give participants an opportunity to succeed in the overall job market. Formare provides job readiness and industry acumen, therefore opening doors to a wide range of employment opportunities upon graduation.” 

Highlighting the leadership and pioneering spirit of Maxion Wheels, Claudio Anjos, President of Iochpe Foundation, said, "Our foundation has worked closely with Maxion Wheels for almost 25 years in Brazil and Mexico. By offering opportunities for education and professional training to young people who really need it, Formare has the power to transform lives.”

“We are honoured to partner with Maxion Wheels in realising this programme and to provide the academic education for the Formare students here at Savitribai Phule Pune University,” said Prof Dr Suresh Gosavi, Vice Chancellor, SPPU. “The programme is unique as the comprehensive benefits alleviate any financial concerns and therefore allow the students to focus wholeheartedly on their education and professional development.”

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