Apollo Tyres expanding Chennai TBR capacity over next 12 months
A report published by The Financial Express yesterday claims Apollo Tyres will implement the previously announced production capacity expansion at its factory in Chennai over the coming year. According to Satish Sharma, president of the tyre maker’s Asia Pacific, Middle East and North Africa business, the planned boost in the plant’s truck and bus radial capacity from 6,000 to 9,000 tyres per day will cost Apollo Rs 15 billion (£155.6 million). Passenger car tyre capacity in Chennai will remain at current levels for the time being.