Apollo Tyres adds truck radials in Andhra after strong revival in segment

Original plan was to make only cars tyres; firm also plans Rs 10 bn capex for maintenance of existing units and to complete Chennai expansion

Apollo Tyres is planning to produce commercial vehicle tyres at its upcoming facility at Andhra Pradesh, where it plans to invest around Rs 18-20 billion. Originally the company was planning to produce only car tyres, but it is now adding tyre bus radials (TBR).

The company said it has lined up around Rs 10 billion for the current fiscal as capex, towards regular maintenance of existing facilities and to complete the Chennai expansion. This doesn't include investments in Andhra Pradesh.

Gaurav Kumar, CFO, Apollo Tyres, said that Andhra Pradesh Greenfield would start production in the second half of