Apollo Tyres to invest ₹58 billion in capacity expansion
pre-market1 source ↓written by the desknot a recommendation
- approximately
- ₹58 billion
- to expand
- €540 million
- and TBR capacity
- 18%
- allocated
- ₹20 billion
Apollo Tyres plans to invest ₹58 billion (approximately €540 million) to expand its truck and bus radial (TBR) and passenger car radial (PCR) production capacity at its Andhra Pradesh facility by fiscal 2029. This investment will increase PCR capacity by 18% and TBR capacity by over 20%. The first phase of this growth capex will commence in fiscal 2027 with ₹20 billion allocated for the initial year.
This expansion is expected to enhance production efficiency and meet rising demand in the Indian market, potentially boosting near-term sentiment among investors.
Not investment advice. For informational purposes only.