In a bid to enhance capacity at its plants in India and abroad, Apollo Tyres is planning to invest up to $600 million in next fiscal. The company will start rolling out tyres from its upcoming plant in Hungary by January 2017.
Moreover, the company is doubling the capacity of its Chennai plant to 12,000 truck and bus radials (TBR) a day from 6,000 earlier. Initially, the company will sell its Apollo Acti series of tyres for motorcycles and scooters in the aftermarket.
Apollo Tyres is one of the leading tyre manufacturers in India with its product portfolio spread across tubeless and tube type tyres for cars, suvs, trucks, buses etc.
