To set up plant at Pune for radial tyres
Bridgestone India will establish a new plant near Pune in Maharashtra. The new plant will begin production of passenger car radial tyres (PSR) and truck and bus radial tyres (TBR) in response to the growing demand in India, which is seeing marked economic growth.
The total investment is expected to be about 50 billion yen, that is, about Rs.2,600 crore in a phased manner. The PSR production is scheduled to begin in January 2013 and the TBR production in August 2013.
By the year 2020 the production capacity is slated to reach 10,000 units of PSR and 3,000 units of TBR a day. BSID has reached an understanding with the Government of Maharashtra for acquiring about 8.288 million sq. ft. at the Chakan Industrial Area near Pune, the company said in a statement.