Apollo Tyres has earmarked capital expenditure of Rs 2,500 crore for the current fiscal as it eyes a double- digit volume growth. The capex will be overall for India and Europe. The company, which recently commissioned its new manufacturing plant in Hungary, expects construction activity to commence at its new plant in Andhra Pradesh in the second half of the current year. The company has earmarked a capex of about 180 million euro for the current fiscal for the European operations.
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.
