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Yokohama Rubber Company, a Japan-based manufacturer, has revealed its plans to bolster its passenger car tyre capacity in India. The company is set to invest 671 crore rupees ($80 million) in expanding its annual tyre production capacity in the Indian market through Yokohama India.

Having been operational since 2007, Yokohama India specializes in manufacturing tyres designed for Indian driving conditions. The company aims to install the new capacity within its existing Visakhapatnam plant in India. The expanded production line is projected to commence operations in the fourth quarter of 2024 and will focus on manufacturing 22-inch passenger car tyres.

Yokohama has seen significant growth in its yearly production capacity, that has jumped to 1.53 million tyres in 2019 and 1.96 million tyres in 2021 from 700,000 tyres in 2014. Also, the company's facility in Bahadurgarh, Haryana, has an existing annual capacity to manufacture 2.8 million tyres.

Yokohama operates three production facilities in Tirunelveli (Tamil Nadu), Visakhapatnam (Andhra Pradesh), and Dahej (Gujarat) for the manufacturing of off-road tyres.

The tyre maker has recently expanded its retail presence in Tamil Nadu with the inauguration of its 51st store in Salem. This store serves as a comprehensive showcase for Yokohama's product range, encompassing passenger car tyres and SUV tyres. Additionally, the brand's YIN dealership stores offer various tyre-related services, including wheel alignment and wheel balancing.