{"id":1143,"date":"2016-09-15T10:51:51","date_gmt":"2016-09-15T05:21:51","guid":{"rendered":"http:\/\/tyremarket.com\/tyremantra\/?p=1143"},"modified":"2023-07-26T17:18:13","modified_gmt":"2023-07-26T11:48:13","slug":"news-apollo-tyres-investing-rs-2700-cr-double-chennai-plant-capacity","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/news-apollo-tyres-investing-rs-2700-cr-double-chennai-plant-capacity\/","title":{"rendered":"Apollo Tyres To Invest Rs 2700 Cr To Double Its Chennai Plant Capacity"},"content":{"rendered":"<p>Apollo Tyres is all geared up to accomplish its vision of &#8216;Building Leadership in India by 2020&#8217;, and to materialise the same it plans to double the capacity of its Chennai facility with a whopping investment of INR 2700 crore. Mr. Satish Sharma, <strong>Apollo Tyres<\/strong>, President, Asia Pacific, Middle East and Africa stated that the Gurugram-headquartered tyre firm will increase the production from current 6000 units per day to 12000 units per day. Starting from October 2016, this capacity increment will happen in next two years with an investment of INR 2700 crore. The capacity push was planned long back and unexpectedly by the time company made its investment in Chennai it was in the year 2008, when the recession was at its peak, Mr. Sharma explained.<\/p>\n<p>The Chennai facility started to roll out the commercial production of Apollo Tyres in 2010. The present per day capacity of Truck and Bus Radials (TBRs) is 6000 tyres, which boils down to <strong>1.80 lac tyres per month<\/strong>. And after doubling the capacity at Oragadam manufacturing plant it will reach to 12000 tyres per day or 3.60 lac tyres per month. The enhancement at the tyre manufacturing plant will lead to an increased export of 15 percent from the existing 10 percent. The <a href=\"https:\/\/www.tyremarket.com\/tyremantra\/top-10-tyre-companies-in-india-mrf-ceat-apollo-jk\/\"><strong>leading tyre maker<\/strong><\/a> is also looking to penetrate more into the rural arena with a proposed two-wheeler radial tyre manufacturing unit in Baroda, Gujarat.<\/p>\n<p>He further added that in the two-wheeler segment Apollo Tyres is at a nascent stage, after the official foray in May this year, and have been selling at nearly 1 lac units. With a target to end this year with 3 lac units, he was confident of achieving 70-80 percent of the target with sales of 2-2.50 lac units.<\/p>\n<p>On the commencement of <strong>two-wheeler radial tyres<\/strong> factory at Baroda, he stated that the company would probably begin manufacturing in 2017. Besides two-wheeler, it also plans to establish a separate assembly line to produce SUV tyres at its Baroda unit, which will hold a capacity to roll out 3000 units per day.<\/p>\n<p>The leading tyre and radial manufacturer is concentrating to amplify its market share from present 27 percent to 30-33 percent in the commercial vehicle sector. Moreover, in the passenger car segment and agriculture segment it holds a market share of 17 percent and 20 percent approx in that order.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apollo Tyres is all geared up to accomplish its vision of &#8216;Building Leadership in India by 2020&#8217;, and to materialise the same it plans to&#8230;<\/p>\n","protected":false},"author":4,"featured_media":824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[333,368,367,369,370],"class_list":["post-1143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-apollo-tyres","tag-apollo-tyres-chennai","tag-apollo-tyres-investments-2016","tag-apollo-tyres-news-2016","tag-market-share"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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content=\"https:\/\/www.tyremarket.com\/tyremantra\/news-apollo-tyres-investing-rs-2700-cr-double-chennai-plant-capacity\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Tyremarket : Tyre News, Review &amp; Guide\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/tyremarketindia\" \/>\r\n<meta property=\"article:published_time\" content=\"2016-09-15T05:21:51+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2023-07-26T11:48:13+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.tyremarket.com\/tyremantra\/wp-content\/uploads\/2016\/08\/apollo_tyres_logo-Cropped-e1472295625225.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"729\" \/>\r\n\t<meta property=\"og:image:height\" content=\"410\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"Ankit verma\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" 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verma\"},\"description\":\"My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I\u2019m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.\",\"sameAs\":[\"http:\\\/\\\/tyremarket.com\"],\"url\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/author\\\/ankit_verma\\\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Apollo Tyres Investing Rs 2700 Cr To Double Its Chennai Plant Capacity","description":"The Chennai facility started to roll out the commercial production of Apollo Tyres in 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