Apollo Tyres plans capacity expansion to invest over Rs 5,800 crores in Andhra Pradesh
Tyre manufacturer, Apollo Tyres, has plans to expand capacity at its manufacturing facility in Andhra Pradesh. The firm will invest Rs 5,810 crore in the process, which will be a mix of internal accruals and debt.
The expansion is projected to add 3.7 million PCR tyres and 1.3 million TBR tyres per annum, taking total capacity from 7.1 million to 10.8 million PCR tyres and from 1.6 million to 2.9 million TBR tyres annually.
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