Apollo Tyres Ltd has announced a ₹58.10 billion investment to expand its Andhra Pradesh plant. The move aims to boost production capacity, meet rising demand in domestic and international markets, and reinforce the company’s leadership in India’s tyre industry. This expansion also promises employment generation and operational efficiency.
Apollo Tyres Ltd, one of India’s largest tyre manufacturers, has unveiled plans for a significant capacity expansion at its Andhra Pradesh facility. With a capital expenditure of ₹58.10 billion, the company is set to strengthen its manufacturing footprint and align with the growing demand in both domestic and export markets.
Key Highlights:
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Investment Size: ₹58.10 billion allocated for expansion.
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Location: Andhra Pradesh manufacturing plant.
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Objective: Enhance production capacity to meet rising demand.
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Strategic Impact: Reinforces Apollo Tyres’ leadership in India’s tyre sector.
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Growth Outlook: Supports India’s automotive and infrastructure growth trajectory.
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Employment: Expected to generate new job opportunities and improve supply chain efficiency.
This expansion reflects Apollo Tyres’ long-term vision of scaling operations, driving innovation, and positioning itself strongly in the global tyre market.
Sources: Reuters, Business Standard