Apollo Tires announced plans to invest ₹5,810 crore by FY29 to expand manufacturing capacity for passenger car radial (PCR) and truck and bus radial (TBR) tyres at its Andhra Pradesh plant, as it gears up to meet growing domestic and export demand. The company said it will fund the investment through a mix of internal accruals and debt.
“This investment will be funded by way of a mix of internal accruals and debt. The company anticipates healthy short- to medium-term growth in both PCR and TBR categories. Accordingly, the investment is planned to incrementally expand capacity in line with expected demand,” a company statement revealed.
Planned Capacity Addition
As part of the expansion, Apollo Tyres will significantly scale up output at the facility.
The company plans to add:
*3.7 million tyres per annum in the passenger car radial (PCR) segment
*1.3 million tyres per annum in the truck and bus radial (TBR) segment
As reported by thehindubusinessline.com, currently, the Andhra Pradesh plant has an annual capacity of 7.1 million PCR tyres and 1.6 million TBR tires. With this expansion, Apollo aims to strengthen its supply capabilities across replacement markets, OEMs and exports.
