Leading Japanese tyre-maker Bridgestone Corporation wants to capture a third of the growing passenger car market in India and is currently ramping up manufacturing capacity and dealership network across the country.

The world’s largest tyre and rubber manufacturer has identified India as a significant growth market in the Asia-Pacific region, but has, however, adopted a wait-and-watch policy on expansion in the US and Europe.

“The Indian market is our top priority in the Asia-Pacific region. We are going to put more focus on the Indian market than ever and are considering and discussing many possibilities for expansion,” Bridgestone Asia Pacific General Manager for Consumer Marketing Department Yoshihiro Tanabe told PTI here.

The company has a production facility at Pithampur near Indore and has announced an investment of Rs 259 crore for expansion. This will increase production capacity by over 40 per cent to 15,000 tyres per day by the middle of next year.

More In: Companies | Business