Neeraj Kanwar

Apollo Tyres to invest $1 billion on global expansion in next five years

Apollo Tyres to invest $1 billion on global expansion in next five yearsApollo Tyres has said that it is planning to invest about $1 billion or about Rs 5,545 crore during the next five years on its global expansion plans.

The company is planning to set up two new plants in South East Asia and Eastern Europe. Apollo Tyres will also convert its Kalamassery plant in Kerala into a dedicated unit for producing off-highway tyres (OHTs) and about 85 per cent of the output is aimed at the export to US, Europe, Australia and Latin America and other countries.




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