Yokohama to invest Rs 671 crore to bolster passenger tyre capacity in India

0
Yokohama Rubber Company, a Japan-based manufacturer, has revealed its plans to bolster its passenger car tyre capacity in India. The company is set to invest 671 crore rupees ($80 million) in expanding its annual tyre production capacity in the Indian market through Yokohama India.

Having been operational since 2007, Yokohama India specializes in manufacturing tyres designed for Indian driving conditions. The company aims to install the new capacity within its existing Visakhapatnam plant in India. The expanded production line is projected to commence operations in the fourth quarter of 2024 and will focus on manufacturing 22-inch passenger car tyres.

Yokohama has seen significant growth in its yearly production capacity, that has jumped to 1.53 million tyres in 2019 and 1.96 million tyres in 2021 from 700,000 tyres in 2014. Also, the company’s facility in Bahadurgarh, Haryana, has an existing annual capacity to manufacture 2.8 million tyres.

Yokohama operates three production facilities in Tirunelveli (Tamil Nadu), Visakhapatnam (Andhra Pradesh), and Dahej (Gujarat) for the manufacturing of off-road tyres.

The tyre maker has recently expanded its retail presence in Tamil Nadu with the inauguration of its 51st store in Salem. This store serves as a comprehensive showcase for Yokohama’s product range, encompassing passenger car tyres and SUV tyres. Additionally, the brand’s YIN dealership stores offer various tyre-related services, including wheel alignment and wheel balancing.

(with inputs from ToI)

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Automobiles News Click Here 

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
Leave a comment