Bridgestone India, a manufacturer of tyres, announced on Monday that it would spend more than Rs 600 crore over the following three years to increase production capacity and modernise technology at its plant in Pune. According to a statement from the company, the initial expenditure for capacity and technological upgrades will be 70 million euros, or more than Rs 600 crore.
It will increase the plant's capacity for producing tyres for the passenger car market in terms of technologies and capacities, it was said.
"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.
The company is committed to offering sustainable mobility solutions as a global leader in tyre technology, and the current investment of 70 million euros is in this direction, he continued.
The corporation, however, did not provide information regarding the current production capacity of the Chakan-based plant or how much it will increase over the following three years. 2013 saw the start of production at the facility.
The Bridgestone Group is committed to helping communities throughout the world while advancing innovative technology.
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