Goodyear India said on Tuesday it would invest 500m rupees ($11m) to strengthen its sales network in India.
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The company manufactures tyres at plants in Aurangabad in the western Maharashtra state and Ballabgarh in northern Haryana state, according to Reuters.
Goodyear India will set up 50 shop-in-shop branded stores by the end of 2006 and at least 250 more by end-2008, it said.
There are nearly 9,300 tyre retailers across the country, Goodyear estimates, besides thousands of informal sellers.
According to Reuters, India’s passenger radial tyre market is estimated to grow at 15% a year. Of this market, tubeless radials are growing even faster, at about 30% a year.
“A number of car manufacturers have already switched to tubeless radials as original fitment,” Antonio Capellini, managing director, Goodyear India, said in a statement cited by the news agency.
“This will result in a strong demand for tubeless radials in the replacement market,” he said.
