Tag: Apollo Tyres

Apollo Tyres aiming for 20/80 OEM-replacement mix in Europe

Apollo Tyres aiming for 20/80 OEM-replacement mix in Europe

Thursday 17th August 2017 | 0 Comments

Following the start of production at its Gyöngyöshalász plant in Hungary last quarter, Apollo Tyres is on its way to almost doubling European passenger car tyre production capacity over the coming year and a half. Speaking with analysts and investors last week after the release of Apollo’s FY2018 financial results, chief financial officer Gaurav Kumar confirmed that the facility in Hungary is expected to reach a daily capacity of 16,000 car tyres by the second half of FY2019 – in other words, sometime between September next year and the end of March 2019. This will give Apollo Tyres a total daily capacity of up to 35,000 passenger car tyres at its two European plants – and more than a third of output in Gyöngyöshalász may be earmarked for OEM customers.

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Apollo Tyres: Raw material prices drags profit down 72%

Monday 7th August 2017 | 0 Comments

High raw material prices strongly influenced the bottom line at Apollo Tyres Ltd in the three months to 30 June 2017. Although net sales, at Rs 32.58 billion (£391.0 million), were in line with those achieved in the corresponding quarter a year earlier, operating profit declined 50.3 per cent to Rs 2.82 billion (£33.8 million) and net profit was down 72.0 per cent to Rs 880.3 million (£10.6 million).

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Apollo Tyres launches two-wheel range in Sri Lanka

Apollo Tyres launches two-wheel range in Sri Lanka

Monday 17th July 2017 | 0 Comments

With the introduction of its two-wheel tyre range, Apollo Tyres now offers its full portfolio in Sri Lanka. As is the case with the company’s other products, the two-wheel range is being distributed within the country by sole national distributor Ideal Wheels & Tyres.

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Mahindra & Mahindra names Apollo Tyres its ‘Business Partner of the Year’

Mahindra & Mahindra names Apollo Tyres its ‘Business Partner of the Year’

Friday 7th July 2017 | 0 Comments

Major Indian vehicle manufacturer Mahindra & Mahindra bestowed its ‘Business Partner of the Year’ award upon Apollo Tyres at its recent annual suppliers meeting. The award, the highest recognition given to any supplier for overall outstanding performance during the entire financial year, was accepted by Satish Sharma, Apollo Tyres’ Asia Pacific, Middle East & Africa region president, and Sandeep Mathur, the tyre maker’s head of OEM and Institutional Business.

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Apollo Tyres: Net profit down 16.1% in last quarter

Monday 8th May 2017 | 0 Comments

The Board of Directors of Apollo Tyres Ltd has recommended a dividend payout of 300 per cent, or Rs 3 per share, after approving the company’s financial results for the 2016-17 financial year. Total revenues for the 12-month period ending 31 March 2017 increased 10.9 per cent to Rs 143.2 billion (£1.7 billion), while consolidated revenue came to Rs 130.6 billion (£1.6 billion). Net profit declined 2.1 per cent to Rs 11.0 billion (£131.5 million).

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Apollo Tyres opens €475 million greenfield Hungarian plant

Apollo Tyres opens €475 million greenfield Hungarian plant

Thursday 4th May 2017 | 0 Comments

The opening of Apollo Tyres’ Gyöngyöshalász plant, 100km east of Budapest, marks a significant event for both the company’s global aspirations and the Indian tyre industry – the 72 hectare greenfield factory, begun in April 2015, is the first inaugurated by an Indian tyre company to come online outside the domestic market. The importance was reflected in the event itself, with some of the plant’s cavernous warehousing housing around 1,300 guests, among whose number was the prime minister of Hungary, Viktor Orban, who declared Apollo’s sixth global tyre manufacturing plant – its second in Europe after the existing Netherlands facility acquired alongside Vredestein – open on 7 April.

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Apollo truck tyre range ‘fully retreadable’

Apollo truck tyre range ‘fully retreadable’

Tuesday 2nd May 2017 | 0 Comments

When Apollo Tyres launched its European truck tyre range at the CV Show last week, the company did so with a pre-planned retreading strategy in mind as well as the headlining “disruptive” digital media strategy.

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Exclusively online & direct from manufacturer: European launch for Apollo TBR tyre range

Exclusively online & direct from manufacturer: European launch for Apollo TBR tyre range

Tuesday 25th April 2017 | 0 Comments

Apollo Tyres has thrown its hat into the European truck and bus radial ring and introduced a complete range for our regions. Furthermore, the company is only distributing these products online, through its own ApolloTyresDirect.com portal. The company is the first, and so far, only tyre manufacturer to use the direct online approach to market here, and it says pricing on the site is completely transparent and free from hidden costs or complicated deals.

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Apollo introduces Apterra HT2 – European launch to follow

Apollo introduces Apterra HT2 – European launch to follow

Wednesday 5th April 2017 | 0 Comments

Apollo Tyres has introduced a new 4x4/SUV tyre jointly developed by its Global R&D Centres in India and the Netherlands. The new Apollo Apterra HT2 has now been launched in India and is also scheduled to be released in European markets in the near future.

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Tyre makers bidding for India’s Falcon Tyres

Tuesday 4th April 2017 | 0 Comments

Several leading Indian tyre makers are said to be bidding to acquire Falcon Tyres Ltd., the company that supplies the Dunlop tyre brand in Indian market. The Economic Times reports that Apollo Tyres, JK Tyre and Ceat Tyres are amongst the leading bidders.

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Apollo developing tyres for Indian military

Monday 3rd April 2017 | 0 Comments

Apollo Tyres is reportedly developing tyres for India’s defence forces that will be manufactured at the company’s facility in Chennai, India. The Chennai facility currently produces 16,000 passenger car tyres and 6,000 truck-bus radials per day, according to Apollo. The company is in the process of doubling the truck-bus radial capacity at the factory to 12,000 tyres per day.

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Leading marques considering Apollo as an OE supply partner

Leading marques considering Apollo as an OE supply partner

Tuesday 28th March 2017 | 0 Comments

Apollo Tyre’s continued attendance at the Geneva show is about more than just having a stand in a prominent position a high profile motoring event. And it’s about more than communicating the brand value of its Manchester United association or the merits of its latest marketing campaign too. Those things are clearly all in place but – as Tyres & Accessories learnt during the course of the 2017 Geneva Show – this event has always been about building OE relationships.

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Apollo to introduce European truck tyre range at the CV Show

Apollo to introduce European truck tyre range at the CV Show

Wednesday 1st March 2017 | 0 Comments

Apollo Tyres will make its CV Show debut with a stand at the event at Birmingham’s NEC in April. At the same time the company plans to introduce its range of European market-orientated truck tyres as well as its strategy for engaging with the whole of the commercial vehicle sector. Several weeks ahead of the CV Show, Tyres & Accessories met up with Benoit Rivallant who is Apollo Tyres group head, global product management - commercial vehicle and off-highway tyre, to find out more.

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Design and architecture award for Apollo R&D centre

Design and architecture award for Apollo R&D centre

Tuesday 7th February 2017 | 0 Comments

A second design-related acknowledgement has been bestowed upon Apollo Tyres’ Global R&D Centre, Asia. The facility, which opened last November and is located just outside the Indian city of Chennai, has gained an NDTV Design & Architecture Award 2016 in the ‘Architecture Award, Office’ category.

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Apollo Tyres reports volume growth in Europe, India, says rubber prices a “challenge”

Wednesday 1st February 2017 | 0 Comments

The Board of Directors of Apollo Tyres Ltd today approved the company’s unaudited results for the third quarter of the company’s 2016-17 financial year. Consolidated revenue in the three months to 31 December 2016 amounted to Rs 34.35 billion (£404.8 million), a year-on-year rise of 17 per cent, while operating rose slightly to Rs 5.37 billion (£63.3 million) and net profit increased by six per cent year-on-year to Rs 2.96 billion (£34.9 million). The tyre maker states that it witnessed good volume growth in both its Indian and European operations in the third quarter, led by the passenger car tyre segment.

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