Yokohama inaugurates tyre manufacturing plant at Bahadurgarh

Japan-based Yokohama Rubber today inaugurated its first manufacturing unit in India at Bahadurgarh, Haryana.

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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The current value of the rupee does not merit market intervention

    The rupee, losing 40 paise per month against the dollar since May, is expected to remain under pressure till the calendar runs out on December 31, bef

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture