Apollo bullish about growth, to invest Rs 3,800 cr in new Andhra project

The company has also invested close to Rs 4,000 crore in a new Greenfield facility in Hungary

Despite the economy facing a downturn Apollo Tyres has earmarked around Rs 3,800 crore for a green field project in Andhra Pradesh. The company is also expanding production of radial truck tyres to 12,000 units a day from the current 6,000 units. 

Addressing the shareholders in Kerala, Apollo Tyres' Chairman, Onkar S Kanwar said "India lies on the cusp of a great opportunity. A strong government is in place with