Bridgestone India announced that it would be investing over Rs 600 crores to meet the increasing demand for quality passenger tyres in the country. The investment will upgrade technology and increase capacity at its Chakan plant in Pune. The said investment will be spread over a period of three years.
“Bridgestone India is bringing in its global technologies and manufacturing for the Indian market to suit the needs of aspiring Indian consumers that want more fuel-efficient tyres and better products to suit the improved quality of Indian roads. Bridgestone is committed to providing sustainable mobility solutions, and the current investment of 70 million euros is in this direction,” said Stefano Sanchini, Managing Director Bridgestone India.
Initial investment for capacity and technology upgradation will be 70 million Euros (over Rs 600 Crores) which will improve the plant capability in terms of technologies and capacities for the manufacture of tyres for the passenger car segment.