Bridgestone is looking to ramp up its manufacturing capacity by over 10 percent in 2023.
The company is working on rolling out its EV tyre technology in the domestic market. The company already has tyres catering to the EV segment in Europe, Japan and the US.
The company is running at a very healthy capacity utilisation across its both plants as in the last three years it has been adding capacity in a phase manner. It is also planning to bring on stream even more capacity in 2023.
Bridgestone India has two manufacturing facilities one each in Pune (Maharashtra) and Pithampur (Madhya Pradesh) with a cumulative capacity of close to 30,000 tyre production per day, catering purely to the domestic market demand.
Through the next year, it is planning to enhance capacity by an additional around 3,500 tyres per day as the business in India is growing so well.
The Bridgestone India has invested Rs 2,000 crore in expanding manufacturing capacity across the two plants as well as in technology.