Yokohama Rubber expands passenger tire production capacity in India

Recently, Yokohama Rubber stated that it will expand the production capacity of passenger car tires at the company's production base in India to meet the growing demand in the Indian market.

Accordingly, Yokohama Rubber will make a new investment of US$82 million to build a new passenger car tire production line at the Visakhapatnam plant in eastern India. After the completion of the project, together with Indian passenger car tire manufacturer and distributor Yokohama India (YIN), the annual production capacity of passenger car tires will be expanded from the current 2.8 million to 4.5 million.

The new production line is planned to be put into production in the fourth quarter of 2024. The company hopes to be able to produce passenger car tires up to 22 inches in the future. According to reports, India's auto industry is expanding rapidly, and its car sales in 2022 have surpassed Japan to rank third in the world. Yokohama Rubber predicts that it will continue to grow in the future. In order to meet the needs of the Indian market, YIN, which was put into operation in 2007, has been expanding its production capacity. Its annual tire production capacity has increased from 700,000 tires at the beginning of production in 2014 to 1.53 million tires in 2019 and 1.96 million tires in 2021. From January 2023, YIN will have an annual production capacity of 2.8 million pieces.