Apollo Tyres, the Indian auto tire manufacturer, recently announced that Apollo will invest 6.6 million euros and 30 million US dollars in its Dutch and South African factories to increase production capacity.

After the expansion, the annual production capacity of Apollo's Dutch plant will increase from the current 5.1 million to 6 million. With a $30 million investment, Apollo's Durban and Ladysmith plants in South Africa will expand production and upgrade equipment.

In India, the Apollo plant in Greenfield, Chennai will also be completed by the end of this year. Apollo also said that on the basis of the existing investment of 20 billion rupees, the company will also increase the investment of INR 3 billion.

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