Apollo Tyres to invest Rs 5,800 cr to expand capacity in Andhra Pradesh

Apollo Tyres announced a significant Rs 5,810 crore investment to expand its Andhra Pradesh manufacturing facility, aiming to boost passenger car radial capacity by 52% and truck and bus radial capacity by 82% by 2029. This expansion is driven by anticipated market demand and follows a strong third-quarter performance with a 40% net profit increase.

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