In order to produce nearly 62 lakh tyres for passenger cars and heavy commercial vehicles per annum, Apollo Tyres is setting up Europe’s largest greenfield plant in Hungary. The company will invest 475 million euros for the same. The facility at Gyongyoshalasz will start production early next year and it will produce tyres to cater to the entire European market.
The Hungarian facility will be a state-of-the-art plant and once completed it will have a capacity to produce 5.5 million (55 lakh) passenger car and light truck (PCLT) tyres and 6,75,000 heavy commercial vehicle (HCV) tyres per annum.
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.
