Yokohama Invests Rs 671 Crore to Boost Passenger Tyre Production in India


The Yokohama Rubber Company, located in Japan, is a tyre manufacturer that recently announced its ambitions to increase the production capacity for passenger vehicle tyres in India. Through Yokohama India, the corporation would boost the annual tyre production capacity in the Indian market by investing Rs 671 crore, which is equivalent to around USD 80 million.

 

Yokohama India, which began operations in 2007, is responsible for the production of tyres that are tailored to the requirements of Indian roadways. The company has announced that it will expand its manufacturing capabilities at its factory in Visakhapatnam, located in India. The new production line is slated to start making tyres for passenger cars with a 22-inch diameter in the fourth quarter of 2024. Its primary focus will be on the production of these tyres. Yokohama’s yearly manufacturing capacity has increased rapidly over the years, going from 700,000 tyres in 2014 to 1.53 million tyres in 2019 and 1.96 million tyres in 2021. This expansion began in 2014. In addition, the company’s plant at Bahadurgarh, which is located in the Indian state of Haryana, has the ability to make 2.8 million tyres on an annual basis.

 

In addition to tyres for passenger cars, Yokohama’s production plants at Tirunelveli (Tamil Nadu), Visakhapatnam (Andhra Pradesh), and Dahej (Gujarat) also produce off-road tyres. These locations are in the Indian states of Andhra Pradesh, Tamil Nadu, and Gujarat. The firm has increased its retail footprint in the state of Tamil Nadu by launching its 51st shop, which was located in Salem. This store displays Yokohama’s whole product line, which includes tyres for passenger cars as well as tyres for sport utility vehicles (SUVs). In addition, YIN dealership outlets provide tyre-related services, such as wheel alignment and wheel balancing, with the purpose of providing complete assistance to customers.

 

About Yokohama

As one of the most well-known tyre manufacturers in the world, Yokohama Tyres is dedicated to providing outstanding performance and innovative products to the automobile industry. Yokohama has established itself as a reliable option for motorists worldwide thanks to its illustrious history spanning more than one hundred years. Since 2007, Yokohama India, a wholly owned subsidiary of Yokohama, has been adapting its products to the one-of-a-kind driving conditions of the Indian market. Yokohama operates in India through this company. Yokohama India produces a broad selection of high-quality tyres that are specifically designed to cater to the varied requirements of Indian motorists. Yokohama continues to create dependable and innovative tyre solutions that improve safety, performance, and driving experiences in India and beyond. The company achieves this by utilising cutting-edge technology, adhering to high-quality standards, and focusing on the needs of its customers.





Credit : Source Post

We will be happy to hear your thoughts

Leave a reply

Mynewcaraccessories.com
Logo
Enable registration in settings - general
Shopping cart