Bridgestone

Bridgestone to invest $85 mn in Indian units to enhance production capacity

Japanese tyre major Bridgestone Corporation on Friday announced a USD 85 million (nearly Rs 720 crore) investment to enhance production capacity and capabilities at its two plants in India. Bridgestone India Private Ltd (BSID), a subsidiary of Bridgestone Corporation (Bridgestone), will invest approximately USD 85 million to expand capacity and capability at Bridgestone Pune plant and Indore plant to reinforce premium-mass strategy, the company said in a statement. The expansion is scheduled to start from the beginning of 2025, it added. "These efforts are expected to increase total production capacity at the Pune plant by approximately 1.1 million tyres annually by 2029. They will also improve capability to ensure premium tire production at the Indore plant," the company said. Additionally, BSID will establish a satellite technology center at its Pune plant in 2025 to produce 'Dan-Totsu' (Bridgestone's direction to be the clear and absolute leader) products. "This new satellite .

India fastest growing market, 25% growth expected in 2024-26: Bridgestone

Japanese tyre major Bridgestone expects to clock 25 per cent growth in revenue between 2024 and 2026 in India, which is its fastest-growing market globally, according to senior company officials. The company, which on Wednesday launched its 'Turanza 6i' premium range of passenger vehicle tyres developed specifically for the Indian market, will be increasing its tyre production to 40,000 per day in the next four to five years from the current 30,000 per day. "The size of the business (in India) out of our total global portfolio today is limited. However, it is the fastest-growing business portfolio in our global business. So that's why huge attention is there and strategic attention is here in India," Bridgestone India Managing Director Hiroshi Yoshizane told PTI in an interview. He said Bridgestone is already a leader in the aftermarket segment of passenger vehicle tyres in India with around 20 per cent share and the company's goal is to strengthen its position further. When asked

Bridgestone appoints Hiroshi Yoshizane as head of India operations

Japanese tyremaker Bridgestone on Monday announced the appointment of Hiroshi Yoshizane as its new Managing Director for India. He succeeds Stefano Sanchini, who will be moving into the role of VP of Consumer Replacement for Europe, Bridgestone India said. Yoshizane, who moves to the new role from Bridgestone Japan, is the third MD of Bridgestone's India operations in a little over one year. Sanchini had in January last year assumed the position from then-incumbent Parag Satpute. Earlier, Yoshizane served as executive vice president of solution business, retail, and service business in Bridgestone Tire Solution Japan Co Ltd, the company said. "India is a strategic, evolving, and growth market for Bridgestone, with a unique set of opportunities and challenges, as the country's automotive sector is poised for major advances both in terms of numbers and technology," said Yoshizane. The development follows Bridgestone Corporation's recent announcement regarding the global reorganisat

Bridgestone ties up with Tata Power to install EV chargers for 4-wheelers

Tyre maker Bridgestone India on Tuesday said it has joined hands with Tata Power to install EV chargers for four-wheelers at its dealerships across the country. Under the collaboration, Tata Power will instal 25/30 Kwh capacity DC fast chargers that are capable of charging a four-wheeler within one hour, allowing 20-24 vehicles being charged in a day, Bridgestone India said. The chargers will be operational on a 24x7 basis, the company said in a statement. "At Bridgestone, being a globally trusted partner in the mobility space, we always endeavour to provide solutions for journeys. This joint initiative with Tata Power is a reflection of this commitment," Bridgestone India Chief Commercial Officer Rajarshi Moitra stated. The chargers will be accessible to Bridgestone customers and all EV owners. "Our partnership with Bridgestone India exemplifies our dedication to facilitating the electric vehicle revolution by fostering innovation and collaboration," Tata Power Head Business ...

Tyremaker Bridgestone looks to expand retail footprint in India this year

Tyre maker Bridgestone is looking to expand its retail footprint in India by 20-25 per cent this year and is aiming to grow higher than the industry's growth, a top company executive has said. Bridgestone India at present has over 3,200 dealerships across 1,300 cities and towns in India. Bridgestone India, which is a subsidiary of Japanese multinational tyre manufacturer Bridgestone Corporation, has a well-diversified portfolio, mainly of radial tyres which cater to OEM as well as replacement segments. Bridgestone India has been increasing its market penetration over the last few years. In 2022, we increased our retail footprint by 11 per cent, expanding to an additional 218 towns. This year we are looking to increase our overall retail network by 20-25 per cent, Bridgestone India Managing Director Stefano Sanchini told PTI in an interaction. The company is expanding its distribution network to enhance the coverage across tier-III/IV cities giving it a larger footprint in the ...

Bridgestone lines up Rs 600 cr to improve capacity and tech at Pune plant

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,

Bridgestone appoints Stefano Sanchini as head of India operations

Japanese tyre maker Bridgestone has appointed Stefano Sanchini as the head of its India operations with effect from January 1 next year. He will replace Parag Satpute, who will be heading to Amsterdam (the Netherlands) to assume a new global role in Bridgestone's Solutions Business, the company said in a statement. Sanchini is currently VP Region Middle-East and Africa, (MEA). Satpute will relinquish his current charge on January 1, 2023 and Sanchini will assume his role from the same date, the company said. As we move into new technologies and mobility solutions, the Indian market is going to be a focus area and I am happy to be here as we spread out these solutions to the vast Indian customer base, said Sanchini.

Bridgestone looks to scale up manufacturing capacity by 10% next year

Japanese tyre maker Bridgestone is looking to scale up its manufacturing capacity by over 10 per cent next year amid the demand surge in both OEM and aftermarket segments, the company's India head, Parag Satpute has said. He also said that the company is working on rolling out its EV tyre technology in the domestic market, which is expected to see a higher penetration of electric vehicles amid the government's increasing push for green mobility. Bridgestone already has tyres catering to the EV segment in Europe, Japan and the US. A wholly-owned subsidiary of Bridgestone Corporation, the Pune-based Bridgestone India caters to both passenger and commercial tyre segment with as much as 20 per cent market share in the aftermarket domestic passenger car tyre market. The total size of the aftermarket domestic car tyre segment stands at around 2-million tyres per month. "We are running at a very healthy capacity utilisation across our both plants as in the last three years we have been .

Japanese tyre maker Bridgestone rejigs India operations

Japanese tyre major Bridgestone Corporation on Tuesday announced organisational changes in its Indian operations, with Rajarshi Moitra to become Chief Commercial Officer and Sunil Puri appointed as Head of Sustainability.

Bridgestone unlocks 7 million euros in 9 months, helped by Freepay

As the government had been emphasising on extending the credit term to dealers and small vendors, the company took it in the right stride

Bridgestone India launches new drive axle tyre for commercial vehicles

Tyre maker Bridgestone India on Friday launched a new tyre, V-Steel Mix M721, for commercial vehicles to establish a strong presence in the drive axle tyre category

Bridgestone to merge India ops with Europe, West Asia, Africa unit in FY20

The move is aimed at unlocking untapped potential in both India and EMEA, the company said in a release

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

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

Indian company faces High Court ire for infringing Bridgestone trademark

Justice R S Endlaw also restrained the Indian company Tolin Tyres

Bridgestone launches Firestone tyre brand for cars, SUVs

The new brand of tyres will be manufactured at its plants in Chakan, Pune and Kheda near Indore

Bridgestone enters two-wheeler tyre segment in India

Managing Director Kazuhiko Mimura said entry into the ever growing two-wheeler market will facilitate in providing a wider product range