2 weeks ago

Yokohama India to scale tyre capacity to 6.3 million units

Yokohama India to scale tyre capacity to 6.3 million units
Yokohama India to scale tyre capacity to 6.3 million units · financialexpress.com

Yokohama is a company that makes tyres for cars.

It has factories in India, including one in a city called Vishakhapatnam.

Right now, Yokohama can make 4.5 million tyres in India every year.

The company plans to make more, up to 6.3 million tyres.

It will add new machines inside its existing factories to do this.

India is one of Yokohama's most important markets.

Many people in India are buying SUVs, like the Hyundai Creta and the Kia Seltos.

So Yokohama made a new tyre line called GEOLANDAR X-CV just for these cars.

The new tyres come in 32 different sizes, from 16 to 20 inches.

Yokohama has also spent almost ₹7,000 crore in India over the past five to six years.

Key facts

Current annual capacity
4.5 million units
Planned annual capacity
6.3 million units
New product launch
GEOLANDAR X-CV tyre range
Planned tyre sizes
32 sizes spanning 16-20 inches
Vizag investment (past 4 years)
Over ₹3,000 crore
Total India investment (past 5-6 years)
Approaching ₹7,000 crore
Current OEM customer
Maruti Suzuki (Suzuki)
Target vehicles
Hyundai Creta, Kia Seltos, crossover and premium SUVs

Quotes

Harinder Singh

MD and CEO, Yokohama India

“"The crossover SUV segment is growing rapidly and the road infrastructure improving, now motorists are seeking a balance of safety, comfort, quietness and long-lasting performance. With the GEOLANDAR X-CV we’re bringing flagship premium tyre technology to delight a wider base of crossover SUV owners."”
financialexpress.com financialexpress.com
“"Today we are at 4.5 million, and we have plans to go up to 6.3 million including in the current footprint that we have."”
financialexpress.com financialexpress.com

Sources

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