Yokohama inaugurates tyre manufacturing plant at Bahadurgarh
Feb 24 2014 , New Delhi
Built with an investment of over Rs 300 crore, the unit has a installed capacity of 2000 tyres per day, said its Indian subsidiary, Yokohama India Pvt Ltd said in a statement.
The unit was inaugurated by Haryana Chief Minister Bhupinder Singh Hooda.
It would manufacture Yokohama Earth-1 tyres, especially designed for India keeping the diverse road conditions in mind and start commercial production in the second half this year.
Commenting on the development, Yokohama India MD Takeshi Fujino said: "The very plant can be scaled up to 8,000 tyres per day in the next phases of growth. Yokohama India will continue to import tyres other than being manufactured in India" said Takeshi Fujino, MD, Yokohama India.
The unit which is at trial stage presently employs more than 100 people and and would increase its head count three folds by the end of 2014, said Yokohama India which claimed to have 2 per cent of the total market share.
Yokohama India is 100 per cent subsidiary of Yokohama Rubber Company, which had forayed into the Indian market in 2007.