The imports were temporarily permitted by the department for promotion of industry and internal trade (DPIIT) subject to the concerned company's commitment to invest and set up or expand its manufacturing facilities in the country for the concerned products, in a time-bound manner.
The company, which on Wednesday launched its 'Turanza 6i' premium range of passenger vehicle tyres developed specifically for the Indian market, will be increasing its tyre production to 40,000 per day in the next four to five years from the current 30,000 per day.
Initial investment for capacity and technology upgradation will be 70 million euros (over Rs 600 crore), the company said in a statement.
Stefano Sanchiniwill replace Parag Satpute, who will be heading to Amsterdam (the Netherlands) to assume a new global role in Bridgestone's Solutions Business, the company said in a statement.
With no clear signs that the global macro economic situation will improve soon, demand for its products has waned in the July to September quarter as the company’s top customers stocked up on inventories and held back from fresh orders.
LafargeHolcim's CEO Jan Jenisch, appointed in 2017, is planning to return to his former stomping ground, as he was the earlier associated with chemical and roofing-membrane maker Sika AG.
The company has resumed its operations across its manufacturing facilities in Indore and Pune, Bridgestone India said in a statement.
The move is aimed at unlocking untapped potential in both India and EMEA, the company said in a release.
Here's a list of car tyres which can suit your needs, and keep your car planted to the ground.
The company, which on Wednesday launched a fuel efficient range of tyres under the Ecopia brand for passenger vehicles, is not present in the fast growing two-wheeler tyre segment.
The fourth edition of Indian Premier League has kicked off, with defending champions taking on Kolkata Knight Riders. CNBC-TV18's Tanvi Shukla and Animesh Das report on which teams are hot properties this year.
The father and son duo of Onkar and Neeraj Kanwar are staking their firm’s future in Europe, the grazing ground of the biggest global brands.
Ferrari team boss Stefano Domenicali believes the switch to Pirelli tyres for 2011 could have a fundamental impact on the Formula One season.