Apollo Tyres expects its exports to rise to 20 percent of sales by the first quarter of 2010/11 from around 12 percent now as a new plant comes onstream in December, its managing director said on Wednesday.
Neeraj Kanwar also said the new plant in Chennai and expansion in other plants would increase the domestic production to 1600 tonnes per day in the first quarter of FY11 from around 1000 tonnes per day now.
Source: In Reuters.com
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