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Apollo Tyres commissions Andhra Pradesh greenfield facility

25 Jun 2020 Evaluate

Apollo Tyres has commissioned its Andhra Pradesh greenfield facility in the southern part of the country. It is 7th manufacturing unit globally, and the 5th in India. This facility of the company is spread over 256 acres. The company will invest close to Rs 3800 crore in the Phase I of this greenfield facility. While the capacity will be ramped up gradually in the next 12 – 18 months, as the demand improves, by 2022, this plant will have a capacity to produce 15,000 passenger car tyres and 3,000 truck-bus radials per day. With a modular layout, the capacity at this facility can be replicated with minimal engineering efforts and with economies on investments.

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.

Peers
Company Name CMP
MRF 125528.60
Apollo Tyres 411.80
JK Tyres & Inds. 349.55
Ceat 3468.20
Balkrishna Inds. 2267.75
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