New Delhi: Japanese tyre major Bridgestone Corporation on Friday announced a USD 85 million (nearly INR 720 crore) investment to enhance production capacity and capabilities at its two plants in India.

Bridgestone India, a subsidiary of Bridgestone Corporation (Bridgestone), will invest approximately USD 85 million to expand capacity and capability at Bridgestone Pune plant and Indore plant to reinforce premium-mass strategy, the company said in a statement.

The expansion is scheduled to start from the beginning of 2025, it added.

"These efforts are expected to increase total production capacity at the Pune plant by approximately 1.1 million tyres annually by 2029. They will also improve capability to ensure premium tire production at the Indore plant," the company said.

Additionally, Bridgestone India will establish a satellite technology centre at its Pune plant in 2025 to produce 'Dan-Totsu' (Bridgestone's direction to be the clear and absolute leader) products.