{"id":959,"date":"2016-05-24T11:49:39","date_gmt":"2016-05-24T06:19:39","guid":{"rendered":"http:\/\/tyremarket.com\/tyremantra\/?p=959"},"modified":"2023-07-27T16:31:28","modified_gmt":"2023-07-27T11:01:28","slug":"news-2016-apollo-tyres-earmarks-capex-rs-3200-crore-fy-17","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/news-2016-apollo-tyres-earmarks-capex-rs-3200-crore-fy-17\/","title":{"rendered":"Apollo Tyres Earmarks A Capex Of Rs 3,200 Crore For FY 17"},"content":{"rendered":"<p>It seems that the Gurugram-headquartered <strong>tyre manufacturer<\/strong> Apollo Tyres is all set to conquer things in a big way, and this time it\u2019s not only restricted to the domestic market but also aim to triumph over the global arena. And this will be made possible by the capex of INR 3200 crore, which the tyre major has earmarked for the 2017 financial year.<\/p>\n<p>Out of the total <a href=\"https:\/\/www.tyremarket.com\/Apollo-Car-Tyres\"><strong>Apollo Tyres<\/strong><\/a> capex, for its domestic operations it has lined up a capex of INR 1700 crore, while over INR 1510 crore (about 200 million Euro) has been kept aside for its European operations in the ongoing fiscal.<br \/>\nChief Financial Officer (CFO) of Apollo Tyres, Mr. Gaurav Kumar confirmed in a statement that in India the company will have a capex of INR 17 billion approx and of 200 million Euros in Europe in the current financial year 2017. While speaking about the capex he didn\u2019t disclose any specific area where the tyre firm would like to invest in the present fiscal.<\/p>\n<p>However, some reliable company sources cleared the air about the investment and claimed that the principal chunk of the investment would go into Apollo Tyres\u2019 Chennai based tyre facility and the remaining portion will aid its upcoming manufacturing base in Hungary.<\/p>\n<p>The company is looking to double its current <strong>Truck and Bus Radial (TBR) tyre<\/strong> capacity to 12000 tyres per day from the existing 6000 tyres per day at its Chennai plant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It seems that the Gurugram-headquartered tyre manufacturer Apollo Tyres is all set to conquer things in a big way, and this time it\u2019s not only&#8230;<\/p>\n","protected":false},"author":4,"featured_media":960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[454,333,453,223,381,450,385,439],"class_list":["post-959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-apollo-chennai-plant","tag-apollo-tyres","tag-apollo-tyres-news","tag-bus-radials","tag-truck-radials","tag-tyre-brands-india","tag-tyre-industry-india","tag-tyre-industry-news-2016"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Apollo Tyres Earmarks A Capex Of Rs 3,200 Crore For FY 17<\/title>\r\n<meta name=\"description\" content=\"Apollo is looking to double its current Truck and Bus Radial tyre capacity to 12000 tyres per day from the existing 6000 tyres per day at its Chennai 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content=\"https:\/\/www.facebook.com\/tyremarketindia\" \/>\r\n<meta property=\"article:published_time\" content=\"2016-05-24T06:19:39+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2023-07-27T11:01:28+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.tyremarket.com\/tyremantra\/wp-content\/uploads\/2016\/09\/apollo.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\" content=\"@tyremarketindia\" \/>\r\n<meta name=\"twitter:site\" content=\"@tyremarketindia\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ankit verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta 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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. 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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 Earmarks A Capex Of Rs 3,200 Crore For FY 17","description":"Apollo is looking to double its current Truck and Bus Radial tyre capacity to 12000 tyres per day from the existing 6000 tyres per day at its Chennai 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