Metro Tyres to invesr Rs.100 Cr on expansion

Metro Tyres plans to invest Rs 100 crore over the next five years to double its production capacity and also set up of a new greenfield manufacturing facility.

The Rs 100 crore has been set aside to set up a new tyre plant in Manesar and also to double its monthly motorcycle tyre capacity to 4-lakh.

These initiatives will help to double the turnover to Rs 1,500 crore by 2015-16 from the current Rs 700 crore