India’s Apollo Tyres has said it will invest Rs5,810 crore to expand capacity at its manufacturing facility in Andhra Pradesh to meet rising demand across passenger and commercial vehicle tyre segments.
The investment will be funded by a mix of internal accruals and debt, according to a stock market filing.
Under the expansion plan, Apollo Tyres will increase passenger car radial (PCR) capacity by 52%, or 3.7 million units, and truck and bus radial (TBR) capacity by 82%, or 1.3 million units, per annum by 2029.
The company currently has an annual capacity of 7.1 million tyres in the PCR segment and 1.6 million tyres in the TBR segment, with capacity utilisation of 82% and 89% respectively.
Apollo Tyres said it expects healthy growth in both PCR and TBR categories in the short to medium term and plans.
The company recently reported a 40% year-on-year rise in consolidated net profit in the year ended December 2025.
India delivered its best-ever quarterly performance, driven by growth in replacement, exports and OEMs while European markets tracked broader trends, the firm added.