Apollo Tyres plans ₹3,500 crore capacity expansion
after close1 source ↓written by the desknot a recommendation
- capital investment
- ₹3,500 crore
- will enhance
- ₹3,000 crore
Apollo Tyres announced a ₹3,500 crore capital investment to expand its manufacturing capacity in India and Europe. Approximately ₹3,000 crore will enhance its India operations, while the rest will upgrade European facilities. This move aims to address rising raw material costs and improve operational efficiency, maintaining capacity utilisation near 90%.
The expansion reflects Apollo Tyres' commitment to meeting growing demand in key markets, potentially boosting market sentiment and positioning the company for future growth.
Not investment advice. For informational purposes only.