Bridgestone India today announced an investment of 304.3 million USD to expand the production facilities at Pune and Indore over the next five years.
The investment will enable Bridgestone’s Indian plants to meet the increased tyre demand thanks to the growing vehicle population. The company expects production capacity to increase by about 15,000 tyres per day. This is so that the total daily production from both plants can hit 41,000 tyres by the year 2022. The resultant increase in tyre output will also create an additional 450 jobs.
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.”
The brand’s investment in the Indian production plants is supposed to enhance Bridgestone India’s capability and capacity to produce tyres with cutting edge technology so that it can cater to the surge in demand.