Bridgestone India is set to invest over US$51 million (Rs350 crore) to expand its manufacturing plant in Indore, west-central India. The tyre major expects to boost capacity at the plant to over 20,000 tyres daily by 2020, and further enables them to meet customers’ increasing demands.
Bridgestone’s Indian division only began manufacturing tyres locally in March 1998 at Kheda, Madhya Pradesh, close to the Indore facility. In 2013, the company opened a second production facility in Chakan, near the city of Pune, Maharashtra.
Parag Satpute, Bridgestone India’s MD, said in an official release: “This expansion is our response to the trust and confidence of our OEM partners in our product offerings. Through this expansion, we also demonstrate our commitment to create value for a larger base of Indian consumers with our world class quality.”
According to Satpute, India’s growth prospects in the mid- to long-term future are positive – the company is ready to spearhead a trusted partnership with its customers, dealers, consumers, and all other stakeholders at large.