Bridgestone India To Invest Rs. 600 Crores For Expansion

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 not only upgrade technology but also increase capacity at its Chakan plant in Pune. The said investment will be spread over a period of three years.

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.

The Chakan plant in Pune commenced production in 2013 and today boasts of sustainable manufacturing practices including a solar power plant and a carbon-neutral biomass fuel- based boiler plant.

Stefano Sanchini, Managing Director Bridgestone India said, “As a global leader in tyre technology, Bridgestone is committed towards providing sustainable mobility solutions and the current investment of 70 million euros is in this direction”