Bridgestone to invest Rs 2600 crore in Pune

Bridgestone India Private Limited, (BSID) has announced that it will be investing Rs.2600 crores towards building a new manufacturing unit near Pune's Chakan Industrial Area in Maharashtra. The company also announced that it has reached an agreement with the Government of Maharashtra for accquiring approximately 8.288 million sq ft of land. The factory will be used for manufacturing passenger car

Tyre prices set to rise

Due to a shortfall in the key raw material (natural rubber) supplies, tyre manufacturers are forced to increase prices of tyres. JK and CEAT have already announced an increase of about 4% to their tyres.