Apollo Tyres Wednesday said it will invest Rs 5,810 crore to expand capacity at its manufacturing facility in Andhra Pradesh to meet market demand.
The investment will be funded by a mix of internal accruals and debt.
The company has firmed up plans to expand capacity for passenger car radials (PCR) by 52% (or 3.7 million units) and truck and bus radial (TBR) by 82% (or 1.3 million units) per Anjum by 2029. Apollo Tyres currently has the capacity to produce 7.1 million tyres in PCR and 1.6 million tyres in TBR every year. The company is utilising 82% and 89% installed capacity in these segments, respectively.
In a statement Apollo Tyres said, “The company anticipates healthy short to medium term growth in both, PCR and TBR category. Accordingly, the investment is planned to incrementally expand capacity in line with expected demand.”
The company Wednesday reported 40% increase in consolidated net profit at Rs 471 crore for the third quarter ended Dec 31, 2025. Revenue from operations went up by 12% to close at Rs 7743 crores last quarter, as against Rs 6928 crores in Q3 FY25.
Onkar Kanwar, Chairman, Apollo Tyres said the company delivered double-digit volume growth across geographies and market segments in the past quarter. “India recorded its best quarterly performance to date, driven by strong growth across replacement, exports and OEM (Original Equipment Manufacturer) channels. Our European Operations also performed in line with the broader market. Encouragingly, demand momentum remains healthy, and we expect this trajectory to sustain going forward”, Kanwar said.
Shares of Apollo Tyres closed at Rs 512.40 apiece, up by 1.48% on BSE.
The investment will be funded by a mix of internal accruals and debt.
The company has firmed up plans to expand capacity for passenger car radials (PCR) by 52% (or 3.7 million units) and truck and bus radial (TBR) by 82% (or 1.3 million units) per Anjum by 2029. Apollo Tyres currently has the capacity to produce 7.1 million tyres in PCR and 1.6 million tyres in TBR every year. The company is utilising 82% and 89% installed capacity in these segments, respectively.
In a statement Apollo Tyres said, “The company anticipates healthy short to medium term growth in both, PCR and TBR category. Accordingly, the investment is planned to incrementally expand capacity in line with expected demand.”
The company Wednesday reported 40% increase in consolidated net profit at Rs 471 crore for the third quarter ended Dec 31, 2025. Revenue from operations went up by 12% to close at Rs 7743 crores last quarter, as against Rs 6928 crores in Q3 FY25.
Onkar Kanwar, Chairman, Apollo Tyres said the company delivered double-digit volume growth across geographies and market segments in the past quarter. “India recorded its best quarterly performance to date, driven by strong growth across replacement, exports and OEM (Original Equipment Manufacturer) channels. Our European Operations also performed in line with the broader market. Encouragingly, demand momentum remains healthy, and we expect this trajectory to sustain going forward”, Kanwar said.
Shares of Apollo Tyres closed at Rs 512.40 apiece, up by 1.48% on BSE.
