Apollo Tyres has announced a capital investment of Rs 5,810 crore by FY29 to expand capacity at its Andhra Pradesh plant, focusing on both passenger car radial (PCR) and truck and bus radial (TBR) tyres.

The expansion will add 3.7 million PCR tyres and 1.3 million TBR tyres per annum, taking total capacity from 7.1 million to 10.8 million PCR tyres and from 1.6 million to 2.9 million TBR tyres annually. The investment will be funded through a mix of internal accruals and debt, aligned with the company’s expectation of strong short- to medium-term demand.

Onkar Kanwar, Chairman, Apollo Tyres, stated “India recorded its best quarterly performance to date, driven by strong growth across replacement, exports and OEM channels. Our European operations also performed in line with the broader market. Encouragingly, demand momentum remains healthy, and we expect this trajectory to sustain going forward.”