A Rs. 350 crore expansion investment will boost Bridgestone India’s production to 20,000 tyres per day by 2020
Indore, July 10, 2019: Bridgestone India Pvt. Ltd (Bridgestone India), a group company of Bridgestone Corporation, the world’s leading Tyre and Rubber Company, today inaugurated a major expansion in excess of Rs. 350 crore in its Indore plant at Kheda, Madhya Pradesh. With this expansion, the capacity of the Indore plant will go up to over 20,000 tyres a day by 2020.This expansion will enable Bridgestone India to meet the increased demand for its products.
Spread over 76 acres, this plant will produce the entire Bridgestone India’s range of radial tyres serving passenger car segment. Strategically located close to the centre of India, this plant has the logistic advantage of serving some crucial OEMs and Aftermarket businesses for the passenger vehicle segment in the automotive sector. This state-of the-art facility is driven by advanced Japanese technology, ready to produce world class quality tyres for Indian roads.
Mr. Vivek Porwal, Managing Director, Madhya Pradesh, Industrial Development Corporation Ltd
inaugurated the plant, in the presence of Mr. Michio Harada, Consul General of Japan in Mumbai, and Mr. Akihiro Eto, COO, Bridgestone Corporation.
Commenting on the occasion Mr. Parag Satpute, Managing Director, Bridgestone India said, “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. India’s growth prospects in the mid to long term future are positive. And, Bridgestone India is ready to take the lead in being a trusted partner to our customers, dealers, consumers, and all other stakeholders at large.”
Corporate Comm India (CCI Newswire)
