ASICS to increase manufacturing in India due to new quality standards

From Yahoo Finance: 2025-06-17 07:35:00

ASICS halts footwear imports to India due to new quality standards set by the government, requiring all footwear to meet specified criteria and obtain certification. The company is now focusing on developing local production capabilities to comply with the regulations and plans to open its first company-owned store in India this year. ASICS anticipates a revenue increase of 35%-37% for the fiscal year 2024-25, driven by India’s growing interest in fitness and sports. The brand recorded a 19.7% increase in net sales in the first quarter of fiscal 2025, reflecting its commitment to ramp up manufacturing in India.



Read more at Yahoo Finance: Japan’s sportswear ASICS to ramp up India manufacturing to 40%