Company to set up a greenfield unit in India, and expand facilities in Chennai and Hungary
Speaking to analysts, Kumar said Apollo was increasing the manufacturing capacity of truck-bus radials (TBRs) from about 6,000 tyres a day to about 12,000. This, he said, was an ongoing expansion, and the facility now had a capacity of 9,000 TBRs a day.
The plant should have the full capacity by the second half of FY19, he added.
Similarly, the Hungary facility is in a ramp-up mode for passenger car tyres, and the capacity is increasing every day. In addition to the company’s existing facilities in India, Apollo is looking to set up a greenfield facility for passenger car tyres, where Apollo is facing capacity constraints.
The company expects its greenfield to be ready by 2019-20, which will manufacture, to start with, passenger car tyres. This is in the process of being discussed internally and all relevant details will be finalised shortly, said Kumar.
Apollo is planning to increase the capacity by 10 per cent through de-bottlenecking of passenger car tyre facilities in Chennai and Vadodara.
First Published: Wed, November 15 2017. 01:38 IST