Apollo
Tyres has decided to set up a new radial tyre manufacturing unit near Chennai
in Tamil Nadu. This proposal has come in place of its earlier plan of expanding
the capacity of its existing Perambra unit in Kerala.
The
new unit would have a capacity of 100 tonnes per day of which 60 per cent would
be radial tyres while the rest would comprise a variety of conventional tyres.
The investment envisaged in this unit is to the tune of Rs.500 crore. Land for
the proposed unit has already been offered by Tamil Nadu Industrial Development
Corporation.