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NEW DELHI: Gurgaon-based Apollo Tyres will invest Rs 2,800 crore in capex in the current financial year, which will primarily be used to commission the company’s Greenfield manufacturing facility in Andhra Pradesh.
Apollo Tyres managing director Neeraj Kanwar told ET that despite the recent slowdown, he is bullish about the growth prospects in the local market, and while admitting that liquidity tightening after the IL&FS crises had affected demand for passenger cars, he’s.