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Bridgestone to invest $304 m in Pune & Indore facilities

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Bridgestone India has announced an investment of $304.3 million to expand two production facilities based at Chaken (Pune, Maharashtra) and Kheda (Indore, Madhya Pradesh).

The investment will be made in a phased manner over the next five years beginning from ongoing calendar.

"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," Kazutoshi Oyama, Executive Director at Bridgestone India, said.

The expansion will enable Bridgestone to meet the surging tyre demand in India due to growing vehicle population and production.

Part of the investment will also involve enhancing our products mix to cater new models being launched in the domestic market.

The installed capacity of both units is likely to be hiked by about 15,000 tyres each day, raising total daily production to around 41,000 tyres by 2022.

The expansion will also create 450 additional jobs at both facilities.

Tokyo headquartered Bridgestone Corporation is the world's largest tyre and rubber company, selling products in over 150 countries around the world.

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