Apollo Tyres is planning to set-up a new manufacturing facility in Andhra Pradesh to manufacture tyres for two-wheeler and pick-up vehicles. The company is likely to invest around Rs 500 crore in the new facility.
Meanwhile, the company has launched its Global R&D centre, Asia just outside the southern Indian city of Chennai. This is company's second Global R&D centre, after the Global R&D centre, Europe in the Netherlands, which is operational since 2013.
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.
