Apollo Tyres to invest ₹1.7k cr in 2016-17
Apollo Tyres will invest ₹1,600 crore to ₹1,700 crore, a bulk of it in its Chennai facility, in 2016-17, as per reports. Further, the company will invest 200 million euros this fiscal in a greenfield facility in Hungary, whose commercial production is expected to start in 2017. The investment will be reportedly funded by internal accruals and borrowing.