Apollo Tyres is likely to infuse Rs 900 crore this year to double the
capacity at its new facility in Chennai which is expected to commence operation by
end-2009.
Of the total capex, Rs 700 crore is expected to be pumped in to the Chennai
plant, while the balance is to be used for off-the-road tyres and also for
expanding production at the Baroda (Gujarat) plant.
The Chennai plant is expected to have a capacity to manufacture 3,000 truck
and bus tyres per day in addition to passenger car tyres.
Also See:
Apollo Tyres'
Chennai plant to go on stream by November (13-Jul-09)