Bridgestone to invest $304.3 mn to expand Pune, Indore plants

Bridgestone India Pvt Ltd, a group company of global tyre manufacturer Bridgestone Corporation, will invest $304.3 million for the expansion of its Pune (Chakan) and Indore (Kheda) plants.

The investment will be done in a phased manner over the next five years, starting 2017.

This investment will enable Bridgestone’s Indian plants to meet increased tyre demand owing to growing vehicle population and production. Production capacity is expected to increase by an estimated 15,000 tyres per day, bringing the total daily production from both plants to approximately 41,000 tyres by 2022, the company said.

In addition to capacity