The company is set to make a USD 685m investment over four years to build a plant in Europe that will produce tires for cars and trucks. It’s the first time the India-based company has revealed any details about potential locations.


The new facility should have a capacity to produce 16,000 car tires, and 3,000 truck tires daily, however it could take up to five years to reach such levels.


The company said it had been forced to make the investment as it’s been unable to meet demand. It’s also been encouraged by what it sees as recovery in Europe’s automobile market. (source: