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Metro Tyres to invest Rs300 Crores for capacity expansion

Metro  Tyres plans to invest Rs300 Crores in the next two to three years to ramp up production capacity of its plants and in R&D activities, according to media report.

Metro Tyres has plants seven plants, four in Ludhiana, two Noida and one Manesar.

Quoting Metro Tyres Managing Director Rummy Chhabra, PTI said,” We will invest Rs 300 crore in the next 2-3 year to expand capacity of tyre production capacity and towards R&D. We will fund this through a combination of internal accruals, promoters funds and trusted investors.”

The company has also entered into two-wheeler radial tyre segment aiming at a 10% market share in two to three years. “With the capex we are looking at expanding two-wheeler tyre capacity from 3,00,000 units per month to 6,00,000 units,” Chhabra added.

Metro Tyres has tied up with Continental, Germany for technology transfer in India for tyres.

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