Apollo Tyres Ltd. executives and local officials laid the ceremonial foundation stone on January 8 for a $280 million passenger tire plant planned for Chinnapanduru, located in Andhra Pradesh state.
Construction on the plant is expected to start within six months, Apollo said, and manufacturing is slated to start two years after that. The company plans to start with manufacturing passenger tires in this facility, and will later expand to other product as well.
The facility will be located on 200 acres of land that Apollo purchased from the Andhra Pradesh government, and will be about 100 miles west of Chennai, the coastal city where Apollo operates a combined passenger/truck tire plant that it opened in 2010.
The factory will be Apollo’s fifth in India and seventh overall.
Read the full press release here.
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