Bridgestone India Private Limited, (BSID) has announced that it will be investing Rs.2600 crores towards building a new manufacturing unit near Pune's Chakan Industrial Area in Maharashtra. The company also announced that it has reached an agreement with the Government of Maharashtra for accquiring approximately 8.288 million sq ft of land. The factory will be used for manufacturing passenger car radial tyres along with radial tyres for buses.
Bridgestone is planning to start the production of radial tyres for passenger cars by January 2013 and that of radial tyres for buses by August 2013. The demand for these tyres have gone up cosiderably and is expected to further aid economic growth. The company expects production capacity of passenger car radial tyres and bus radial tyres to reach 10,000 and 3,000 units per day by 2020 respectively. The demand for tyres is further expected to grow owing to the development of road infrastructure and increase in automotive sales.