Apollo Tyres: ₹5,810 Crore Investment to Supercharge Production

Apollo Tyres has announced a capital investment of Rs 5,810 crore by FY29 to expand production capacity at its Andhra Pradesh manufacturing facility, with a focus on both passenger car radial (PCR) and truck and bus radial (TBR) tyres.

The expansion will add an annual capacity of 3.7 million PCR tyres and 1.3 million TBR tyres. This will increase total PCR capacity from 7.1 million to 10.8 million tyres per year, while TBR capacity will rise from 1.6 million to 2.9 million tyres annually. The investment will be financed through a combination of internal accruals and debt, in line with the company’s outlook for robust short- to medium-term demand.

Commenting on the performance outlook, Apollo Tyres Chairman Onkar Kanwar said, “India delivered its best-ever quarterly performance, supported by strong growth across replacement, exports, and OEM channels. Our European operations also performed in line with the broader market. Demand momentum remains encouraging, and we expect this trend to continue in the coming quarters.”

News by Rahul Yelligetti.