Japan-based manufacturer Yokohama Rubber Company has announced its intention to strengthen its passenger car tyre capacity in India. The company plans to invest 671 INR-Crores ($80 million) in expanding its annual tyre production capacity in the Indian market through Yokohama India.
Yokohama aims to enhance its existing Visakhapatnam plant in India to accommodate the new capacity. The expanded production line, focusing on manufacturing 22-inch passenger car tyres, is expected to begin operations in the fourth quarter of 2024.
Yokohama currently operates three production facilities in Tirunelveli (Tamil Nadu), Visakhapatnam (Andhra Pradesh), and Dahej (Gujarat) for the production of off-road tyres.
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