ATC Tyres has set up its manufacturing facility at Achyutapuram in Andhra Pradesh. The unit has been set up at an investment of Rs 1,400 crore.
The first phase of the plant has been set up in 15 months, creating employment for about 1,000 people.
The company will invest Rs 1,000 crore in Phase-II which will create employment to another 1,000. The tyres manufactured in the unit will be exported to 120 countries.