Apollo Tyres is planning for capital expenditure (capex) of around Rs 2,600 crore for FY21 and FY22.
The factories are running at between 85 per cent and 90 per cent utilisation.
During H1/FY21 the company had invested around Rs 600 crore.
Going forward, the focus will be on sweating the assets and deleveraging the balance sheet. The capex intensity will come down in the next few years.
During the first half, Apollo added more than 350 dealers. Rural touchpoints increased to around 4,000 touchpoints. Most dealers are multi‐product dealers in these rural markets, where there is a demand for the entire product category, including two‐wheelers, cars, light trucks and trucks.