Yokohama to invest Rs 671 crore to bolster passenger tyre capacity in India

Yokohama Rubber Company plans to invest INR6.71bn ($80m) to expand its annual production capacity of passenger car tyres in India through Yokohama India, boosting the existing line in Visakhapatnam. The added production line is expected to start operating in Q4 2024 and will focus on manufacturing 22-inch passenger car tyres. The company's yearly production capacity has grown significantly, from 700,000 tyres in 2014 to 1.53 million in 2019 and 1.96 million in 2021. Additionally, Yokohama recently opened its 51st store in Tamil Nadu, serving as a comprehensive showplace for its product range.

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