Tyre manufacturer Yokohama Monday inaugurated its maiden manufacturing plant in India which has come up at investment of over Rs 300 crore.
The company said the first phase of commercial production will start in the second half of 2014 with maximum production capacity of 2,000 tyres per day.
"The very plant can be scaled up to 8,000 tyres per day in the next phases of growth. Yokohama India will continue to import tyres other than being manufactured in India," said Takeshi Fujino, managing director, Yokohama India.
The plant will manufacture the company's Earth-1 tyres for economy segment that will cater to most of the cars in B and C segment categories.
Currently, Yokohama India, which is present only in the tubeless market, has two percent of the total market share.