Goodyear to invest 80-crore to expand plant capacity

Mumbai, Apr 10 (UNI) Tyre major Goodyear India Limited, is making an investment of Rs 80 crore at its Aurangabad facility to increase its capacity by 25 per cent, a realese here said today.

The investment at the plant will funded through its group company- Goodyear Tyre&Rubber Company.

The company's capacity expansion has been influenced by the expecetd 15 per cent growth in the Indian passenger radial tyre market, which company wants to capitalise on, the release added.

Goodyear India, already a leading player in both the OE and replacement segments, also has plans to open 42 outlets in the country under its branded retail programme by end-2006.

Presently, the company's range of products, produced at its two plants in Aurangabad and Ballabgarh in Haryana, is marketed through a chain of exclusive Goodyear tyre centres and loyal multi-brand dealers.

UNI