Apollo Tyres to expand Chennai facility.

Apollo Tyres is planning to expand its capacity at its Chennai facility and in the process of setting up a R&D centre in the same complex. The new Centre will take up R&D works related to commercial vehicles for all the Apollo plants, across the World.

Speaking to Analysts recently, Gaurav Kumar, Group Head, Corporate Strategy and Finance said that the company is firming up project for the Indian operations.

'On an immediate basis in terms of expected growth in the Indian market for the current fiscal year, we have sufficient capacities; however, on a medium term basis we would be looking to expand the Chennai Plant,' said Kumar.

The Chennai plant, currently manufacture radial tyres for truck and capacity of the plant is 6,000 trucks tyres and 16,000 passenger car tyres a day. Current capacity utilisation of the plant is around 70-75%. The facility caters to both domestic and export markets.


BS