Yokohama will set up subsidiary in India

Order Reprints

Yokohama Rubber Co. Ltd. will establish a subsidiary in New Delhi, India, this January.

The wholly owned subsidiary, Yokohama India, will have a start-up capitalization of 50 million yen.

"Tire demand in India is beginning to surge," say Yokohama officials.

Sales of new passenger cars in India have increased 61% since 2002 to 1.1 million units in 2005. New care sales in India are expected to reach two million by the year 2010.

You must login or register in order to post a comment.