Apollo Tyres is planning to increase the truck bus radial capacity to 9,000 units a day from its current 6,000 units a day at its Chennai plant. Approximate cost of the project is around Rs. 1,500 crore. The company is also planning to invest around Rs 400-500 crore over the next five years to expand its off-highway tyres manufacturing capacity in Kerala.
Extracted from BS, May 05,’15