Apollo announces Michelin investment

Apollo Tyres expects the joint-venture tyre plant with Michelin in Ranjangaon in Maharashtra State to require a total investment of Rs 375 crore (€68 million). Michelin will provide 51 percent, while Apollo will provide 49 percent. The plant will make about 350 000 truck and bus tyres per year.

1 lakh = 100 000; 1 crore = 10 million

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