Yokohama to more than double production capacity in India
In a major development, Yokohama Rubber Company will expand its production capacity of its passenger-car tyre facility in India. With this expansion, the annual production capacity will increase by 830,000 tires from 700,000 to 1,530,000, more than double. The plant’s new facility will manufacture original equipment tyres for local car makers as well as replacement tyres, including tyres for passenger cars and SUV tyres.
“With the growth in India’s automobile market driving strong sales of tyres, the company has decided to expand local production capacity to avoid capacity shortfalls over the medium term. The total planned investment will come to Rs 3.8 billion. Construction of the new facilities is expected to start in March this year, with production scheduled to begin in the fourth quarter of 2019,” Yokohama said in a statement.
Yokohama Rubber established Yokohama India in April 2007 as a tyre sales subsidiary. The subsidiary began local production of passenger-car radial tyres in July 2014 after completion of its tyre plant at the Bahadurgarh Industrial Estate in Haryana.