{"id":6669,"date":"2018-07-26T12:52:48","date_gmt":"2018-07-26T07:22:48","guid":{"rendered":"https:\/\/www.tyremarket.com\/tyremantra\/?p=6669"},"modified":"2018-08-13T13:03:16","modified_gmt":"2018-08-13T07:33:16","slug":"news-indian-tyre-industry-invest-51000-crore","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/news-indian-tyre-industry-invest-51000-crore\/","title":{"rendered":"Indian Tyre Industry Set To Invest Over INR 51,000 Crore"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1288 size-full\" src=\"https:\/\/www.tyremarket.com\/tyremantra\/wp-content\/uploads\/2016\/09\/car-tyres-63928_1920-Cropped-e1475052647129.jpg\" alt=\"tyre industry news\" width=\"729\" height=\"410\" vspace=\"18\" \/><\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/www.tyremarket.com\/Car-Tyres\" target=\"_blank\" rel=\"noopener noreferrer\">BUY TYRES ONLINE IN INDIA<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400;\">While the automobile sector is booming in the country, the tyre industry has invested a huge amount of over INR 51,000 crore in greenfield and brownfield capacities throughout the country. In the last few years, this is the largest spending done by the tyre industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Automotive Tyre Manufacturers Association (ATMA), one of the leading industry bodies in the country representing 11 tyre companies, a capital expenditure of INR 14,734 crore has been made on recently completed projects. Moreover, about INR 20,630 crore is been invested on various ongoing greenfield projects; while an amount of INR 15,743 is invested in brownfield projects in the country.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The data tells that the lion\u2019s share of this huge investment has been invested on passenger car and light truck radials.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The second largest expansion is in the field of two and three wheeler tyres. There will also be an increase in the Truck and Bus radial segment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Among the companies which have announced big investment projects, CEAT will be investing INR 4,000 crore to increase its production capacity by 50% by 2021. JK Tyre is looking to increase its capacity for truck and bus radials through greenfield and brownfield investment. While Apollo Tyre has pledged INR 1,800 crore plant in Andhra Pradesh for passenger car radials. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BUY TYRES ONLINE IN INDIA While the automobile sector is booming in the country, the tyre industry has invested a huge amount of over INR&#8230;<\/p>\n","protected":false},"author":4,"featured_media":1288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[2070,385,390],"class_list":["post-6669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-indian-tyre-industry","tag-tyre-industry-india","tag-tyre-industry-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Indian Tyre Industry Set To Invest Over INR 51,000 Crore<\/title>\r\n<meta name=\"description\" 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