Apollo Tyres to invest $1 billion on global expansion in 5 yrs
The company is looking at markets like the US, Europe, Australia and Latin America for the OHTs, he added.
On the expansion of the factory of its Netherlands arm Vredestein Banden, Kanwar said: "This is currently at a project discussion stage, but it will take about 15 months once we start it. What we are looking at is to increase the production capacity to 7.5 million per annum from the current 6 million."
The project will entail an investment of 50 million euros, he added.
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