Apollo Tyres starts production from Hungarian plant

It is investing € 475 mn in facility - the first overseas greenfield plant by an Indian tyre firm

Apollo Tyres to invest Rs 525 cr for setting up production plant in AP

Premium

BS B2B Bureau Gurgaon

Last Updated : Apr 10 2017 | 2:37 PM IST

Apollo Tyres has inaugurated its sixth global tyre manufacturing unit in Hungary. The plant, the company’s second in Europe, was inaugurated by the Hungarian Prime Minister, Viktor Orban, on April 7, 2017.

Located less than 100 km from the capital Budapest, this is Apollo Tyres’ first greenfield facility outside India. A highly automated plant with use of IT-driven systems and robotics, it employs young and skilled associates on the shopfloor, mostly hired locally.

Onkar Kanwar, chairman, Apollo Tyres, said, “With this inauguration, of our Hungary greenfield facility, we have crossed another milestone in our global growth journey. This facility will help us

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in