The possibility of manufacturing in India is tied directly to plans to expand the Falken brand, Mr. Ikeda wrote in the report.
SRI does not have the marketing rights to the Dunlop brand in India; those belong to India's Ruia Group, which operates Dunlop India, Monotana Tyres and Falcon Tyres Ltd.
In selecting Brazil, Turkey and perhaps Russia and India for new manufacturing capacity, SRI is trying to keep pace with demand growth from emerging markets, the company wrote in the annual report. By 2020 SRI expects to be generating 20 percent of its annual tire sales from emerging markets other than China.
SRI did not quantify its expected investment in new capacities through 2020. By comparison, Sumitomo has disclosed investments totaling $1 billion PLUS for the Brazil, China, Thailand and Turkey capacities and the South African acquisition.
The report does state SRI expects to have 18 overseas manufacturing locations by 2020, up from 11 currently, along with 31 national sales companies, up from 24.