Apollo Tyres to expand PCR capacity by almost 10%
Although Apollo Tyres’ capital expenditure won’t reach its targeted level of Rs 10 billion (£92.2 million) during the 2025 financial year, it’ll be a different story when the new year begins on 1 April. In addition to confirming that FY25 CapEx will only “be around” Rs 7 billion to Rs 8 billion (£64.5 million to £73.7 million), during an investor conference call on 7 February Chief Financial Officer Gaurav also mentioned that the tyre maker intends to significantly raise CapEx for FY26 and shared details of specific projects.