 "Bridgestone")
Tyre maker Bridgestone India on Monday said it will invest over Rs 600 crore over the next three years to expand production capacity and upgrade technology at its Pune-based plant.
Initial investment for capacity and technology upgradation will be 70 million euros (over Rs 600 crore), the company said in a statement.
It will improve the plant capability in terms of technologies and capacities for the manufacture of tyres for the passenger car segment, it added.
"Bridgestone India is bringing in its global technologies and manufacturing for the Indian market so as 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 India Managing Director Stefano Sanchini stated.
As a global leader in tyre technology, the company is committed towards providing sustainable mobility solutions and the current investment of 70 million euros is in this direction, he added.
The company, however, did not share details of the Chakan-based plant's current production capacity and by how much it would go up over the next three years. The facility commenced production in 2013.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
