Breaking News

You are here » Indian-Commodity  :  Top News  :  Apollo Tyres to set up greenfield plant in Hungary

24-Oct2016

Apollo Tyres to set up greenfield plant in Hungary

In order to produce nearly 62 lakh tyres for passenger cars and heavy commercial vehicles per annum, Apollo Tyres is setting up Europe's largest greenfield plant in Hungary. The company will invest 475 million euros for the same. The facility at Gyongyoshalasz will start production early next year and it will produce tyres to cater to the entire European market.

The Hungarian facility will be a state-of-the-art plant and once completed it will have a capacity to produce 5.5 million (55 lakh) passenger car and light truck (PCLT) tyres and 6,75,000 heavy commercial vehicle (HCV) tyres per annum.

Apollo Tyres is one of the leading tyre manufacturers in India with its product portfolio spread across tubeless and tube type tyres for cars, suvs, trucks, buses etc.


Related News

View all news

Copper futures settle higher on trade talk optimism

Copper futures ended higher on Friday as investors monitored ongoing trade talks between the United States and China. Optimism over a trade deal has been rising as top US and Chinese trade negotiators......

Physical Rubber prices witness some firmness on Friday

Physical Rubber prices showed some firmness on Friday due to improved demand from domestic stockists amid an ongoing supply crunch in the market.Spot prices for RSS-4 variety remained unchanged at Rs 125/kg;......

Crude oil futures end higher Friday

Crude oil futures ended higher on Friday as US equities and other assets found traction against the backdrop of upbeat US-China trade talks. The US and Chinese trade representatives reportedly met for......

Top News

View all news

City Union Bank opens four new branches in Tamil Nadu

City Union Bank has opened four new branches in the state of Tamil Nadu on February 22, 2019. The bank has inaugurated 621th and 622nd branch at Nambiyur and Moolapalayam, respectively. The bank has also......

Syndicate Bank enters into partnership with Srei Equipment Finance

Syndicate Bank has entered into partnership with Srei Equipment Finance to jointly provide financing for construction and farm equipment. Under the arrangement, Syndicate Bank would leverage on its low-cost......

Tata Motors to supply 80 Electric buses to West Bengal Transport Corporation

Tata Motors will supply 80 Electric buses to the West Bengal Transport Corporation (WBTC). The company has already supplied 20 Ultra Electric 9/9m AC E-buses, with remaining 20 9/9m AC E-buses scheduled......