Apollo Discusses Wider Capacity Expansion Plans

Apollo Tyres has already discussed plans to increase capacity at its Gujarat and Kerala factories, and these projects are part of a wider plan to invest Rs 20 billion (£236.6 million) enhancing domestic and international production capacities. In addition to these expansions, the company will set up a new facility in Chennai.

According to Apollo Tyres chief of India Operations Satish Sharma, the company shall invest this sum over next three years, more than half of which, 200 million euros, would go towards its facility in Hungary. As part of the domestic capacity expansion, Apollo Tyre’s Vadodara plant will see its capacity of passenger car tyre go up from the existing 10,000 tyres a day to 15,000 tyres a day, by around mid-2009. The company will also enhance its truck and bus radial tyres capacity at Vadodara from the existing 300 tyres a day to around 1,100 tyres a day over the same timeframe.