Japanese Tyre manufacturer Bridgestone's Indian subsidiary announced its expansion with an investment of Rs 1939.37 crore for both the Pune (Chakan) and Indore (Kheda) plants. The investment will be undertaken in a phased manner over the next five years starting 2017.
This investment will enable Bridgestone’s Indian plants to meet increased tyre demand owing to growing vehicle population and production.
Production capacity is expected to increase by an estimated 15,000 tyres per day, bringing total daily production from both plants to approximately 41,000 tyres by 2022.
In addition to capacity expansion, this investment will enable the expansion of the size production mix capability of both plants in order to better match the evolution of car industry models being released to the local market. It is also expected to create 450 jobs for skilled manpower.
Speaking about the announcement, Kazutoshi Oyama, Executive Director, Bridgestone India said, “This investment affirms our commitment to expand Bridgestone’s footprint in India, which is one of the fastest growing markets in the world, and will enable Bridgestone India to be equipped with advanced manufacturing technology and processes that will allow us to better serve our customers with products of superior quality.”