Apollo Tyres to invest ₹5,810 crore by FY29 to expand capacity in AP plant

Shares of Apollo Tyres closed at ₹512.40 apiece on the BSE on Wednesday
| Photograph Credit score:
Adeel Halim

Apollo Tyres on Wednesday mentioned that the corporate will invest ₹5,810 crore by fiscal yr 2029 (FY29) for capacity growth of its passenger automotive radial tyres (PCR) and truck and bus radial (TBR) at its Andhra Pradesh plant.

“This funding will probably be funded by means of mixture of inner accruals and debt…The corporate anticipates wholesome short- to medium-term development in each, PCR and TBR class. Accordingly, the funding is deliberate to incrementally expand capacity in line with anticipated demand,” Apollo Tyres mentioned in a submitting to inventory exchanges.

The corporate mentioned it proposes to add round 3.7 million tyres each year for PCRand round 1.3 million tyres each year for TBR. At the moment, it has a capacity of round 7.1 million tyres of PCR each year and round 1.6 million tyres of TBR each year.

In the meantime, the corporate reported a 40 per cent year-on-year (YoY) development in its consolidated web revenue to ₹471 crore for the third quarter (Q3) ended December 31, 2025, aided by strong gross sales in home and export markets, as towards ₹337 crore in the identical interval final fiscal.

Income from operations throughout the quarter in evaluate was additionally up 12 per cent YoY to .₹7,743 crore as in contrast with ₹6,928 crore in Q3 FY25.

Greatest quarterly efficiency

“India recorded its finest quarterly efficiency to date, pushed by robust development throughout alternative, exports and OEM (authentic gear producers) channels. Our European operations additionally carried out in line with the broader market. Encouragingly, demand momentum stays wholesome, and we count on this trajectory to maintain going ahead,” Onkar Kanwar, Chairman, Apollo Tyres, mentioned.

The corporate additionally mentioned that its Board has accredited interim dividend of ₹3.50 per fairness share (on the face worth of ₹1 per fairness share) for FY26. The file date for figuring out the entitlement of the shareholders for the cost of the interim dividend will probably be February 10, it mentioned including that the dividend will probably be paid to the fairness shareholders of the corporate inside 30 days from the date of declaration.

Shares of Apollo Tyres closed at .₹512.40 apiece on the BSE on Wednesday, up 1.48 per cent from the earlier shut.

Q3 FY26 efficiency

Revealed on February 4, 2026