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Apollo Tyres inks MoU with the Government of Andhra Pradesh

11 Nov 2016 Evaluate

Apollo Tyres has signed a memorandum of understanding (MoU) with the Government of Andhra Pradesh to set up a state-of-the-art manufacturing facility. The company is looking at investing approximately Rs 525 crore towards setting up this facility in the state of Andhra Pradesh bordering the south-eastern coast of India. The proposed manufacturing facility will be the 5th plant for Apollo Tyres in India. It has two plants in Kerala and one plant each in the states of Tamil Nadu and Gujarat. The company has international manufacturing presence with a one plant in the Netherlands and another Greenfield facility currently being set up in Hungary.

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.

Apollo Tyres Share Price

441.50 -3.80 (-0.85%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 139281.55
Apollo Tyres 441.50
CEAT 3796.75
Balkrishna Inds. 2284.55
JK Tyres & Inds. 419.15
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