The Japanese tyre giant is ready for second round investments in the country
Last year we told you about the Japanese tyre manufacturer investing Rs 300 crore to commence production at their new plant in Bahadurgarh in Haryana. Now, the company is contemplating the second round of expansion and have expressed plans of investing Rs 500 crore over the span of the next five years.
In the recent past, the company has upped its sales by 45 per cent, and sold 4.2 lakh units just last year. And they also aim to sell over 6.5 lakh units next year. At the moment, the company utilises 80 percent of the installed capacity of the plant which stands at 7 lakh units per annum.
President and Director, Yokohama India, Satoshi Fujitsu confirmed to media outlets that the company won’t be expanding in to any other segments as of now and will continue to expand their presence in the passenger vehicle segment. In the after-market, Yokohama has a less than a percent share and is yet to clinch an OEM deal.
