Bridgestone India will invest about Rs 1939 crore (304.3 Million USD) for the expansion of its plants in Pune (Chakan) and Indore (Kheda) in a phased manner over the next five years starting from 2017. The company plans to meet the rising demand for tyres by increasing the production capacity. The tyre manufacturer will increase the production capacity of its tyre to around 15,000 tyres a day. The total daily production will increase to around 41,000 tyres from both plants by 2020. This will help in the expansion of the size production mix capability of both facilities in order to match the car industry models release to the local market. Furthermore, it will also create 450 jobs that will include skilled manpower.
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.” He further added, “I am also excited about the benefits it will bring to our local community and team members, as further evidence of Bridgestone’s commitment to contribute to the evolution of the societies in each Region in which we operate in.”
According to the company, the investment will enhance Bridgestone's capability and capacity to produce tyres with technologies and will support the increasing demands of mobility to improve and facilitate the way the Indian community move, live and work.