Apollo Tyres has raised its concern over increasing low-cost imports from China, saying that it is posing “challenges to the company's plants in Kerala”.
“The import of low-cost radials for trucks and buses is proving to be a challenge for our bias products manufactured in Kerala plants. This is a big issue as we saw a unit closing down because of these low-cost imports,” the company's Chairman, Onkar S. Kanwar, said while addressing the 44th annual general meeting here on Wednesday.
However, the company -- as part of its 'go the distance' – philosophy, has put in place a strategy to expand its bias product portfolio to other segments such as mining, and agriculture, and building a leadership position in these segments, he said.
“We have completed phase-I of the truck bus radial expansion in the Chennai plant and also announced plans to set up our fifth manufacturing plant in the country in Andhra Pradesh to create capacities for two-wheeler tyres and other emerging product categories, he added.
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