Mumbai, Feb. 28 -- Bridgestone is exiting the truck and bus tyre business in China, doubling down on its premium segment strategy as part of a broader plan to 'reinforce earning power' and 'achieve the true next stage of its growth.'

The Japanese tyre giant will cease production and sales of truck and bus radials at its Bridgestone (China) Investment Co., Ltd. (BSCN) unit within the first half of 2024. This follows the truck and bus tyre production closure at Bridgestone (Shenyang) Tire Co., Ltd. (BSSY) on 26th , January 2024.

"The decision to exit the commercial tyre business in China comes after careful consideration of market dynamics and competitive advantage," Bridgestone said. "The company will strategically direct resources towar...