Bridgestone India Invests $85 Million in Premium Tire Production
SHERIDAN, WYOMING – November 19, 2024 – SHERIDAN, WYOMING – November 19, 2024 – Bridgestone India, a subsidiary of the global tire giant Bridgestone Corporation, is making significant investments to expand its production capacity and capabilities in the Indian market. The company announced a strategic growth investment of US$85 million focused on enhancing its Pune and Indore plants to bolster its premium-mass strategy.
Expanding Capacity and Capability
This investment is set to significantly increase Bridgestone's tire production in India. By 2029, the Pune plant is projected to increase its total production capacity by approximately 1.1 million tires annually. Additionally, the investment will be used to "improve capability to ensure premium tire production at the Indore plant".
Focus on Premium Passenger Tires