Apollo Tyres to invest ₹58 billion in capacity expansion
after close1 source ↓written by the desknot a recommendation
- €540 million investment
- ₹58 billion
- and TBR capacity
- 18%
Apollo Tyres has approved a ₹58 billion (€540 million) investment to expand truck and bus radial (TBR) and passenger car radial (PCR) capacity at its Andhra Pradesh facility by fiscal 2029. The investment will increase PCR capacity by 18% and TBR capacity by over 20%. This strategic move aims to enhance production capabilities significantly over the next three years.
Not investment advice. For informational purposes only.