According to a survey commissioned by Apollo Tyres, almost two-thirds of electric vehicle (EV) owners in the UK would prefer to purchase replacement tyres that have been developed specifically for use on this type of vehicle. A poll of 1,000 motorists showed that 64 per cent of EV drivers said they would favour EV-specific replacement tyres, compared to just one per cent who say they would be unlikely to choose these.
TMT Tanks & Trailers, the Italian trailer manufacturer, has selected Apollo Tyres’ EnduRace RT2 tyre as original equipment (OE) for its premium ‘moving floor’ truck trailers. TMT’s moving floor trailers feature specialised loading and unloading systems that allow the unloading of bulk material without the need for tilting mechanisms.
Apollo Tyres’ 2022 launch of the Vredestein Quatrac Pro EV represented a first for the manufacturer as it brought to market Europe’s first dedicated all-season electric vehicle tyre. It has since added additional sizes to boost EV segment coverage. The tyre features a range of advanced design features and high-quality materials, delivering impressive levels of grip and traction in all conditions, while also promoting range via low rolling resistance and lighter construction. It is also designed for a quiet and comfortable ride. Apollo leveraged Vredestein’s experience in supplying all-season tyres dating back to the early 1990s, with the Quatrac Pro EV spearheading its move into specialised products for the emerging EV tyre segment, while also diversifying further its portfolio for the fast-growing European all-season tyre segment. “We are proud to pioneer this segment and will continue to lead the market with innovative products that cater for the next generation of vehicles,” Benoit Rivallant, president and CEO at Apollo Tyres Europe, told Tyres & Accessories.
The Board of Directors at Apollo Tyres Ltd. reports a 124 per cent increase in net profit during the three months to 30 June 2023, the first quarter of the company’s 2023-24 fiscal year. Chairman Onkar Kanwar credits the efforts of Apollo’s European business towards this result.
Success isn’t always about greatness – it’s about consistency. Consistent hard work leads to success. Greatness will come. With these words, Onkar Kanwar opened his company’s 50th Annual General Meeting, singling out consistency as Apollo Tyres Ltd.’s mantra and a quality that in 2022 helped the tyre maker achieve annual revenues in excess of US$3 billion for the first time.
A survey commissioned by Apollo Tyres has found that a clear majority of European motorists would not attempt to deal with a tyre puncture at the roadside themselves. Just 46 per cent say they would use the car’s supplied spare tyre or inflation kit, compared to 32 per cent that say they would instead call on a vehicle breakdown service for assistance, and 16 per cent who would seek help from a family member, friend or colleague.
The Apollo EnduRace RT2 truck trailer tyre range is growing with the introduction of a new 385/55 size option for 22.5-inch rims later this month. Apollo Tyres developed the EnduRace RT2 for Europe and manufactures it here too; the tyre maker says the range “delivers superior standards of all-weather performance, rolling resistance, and enhanced mileage and durability.” It adds that the tyre “remains a highly cost-effective solution in an intensely competitive segment” despite premium performance.
It is now almost two years since Apollo Tyres introduced Vredestein tyres into India, with the company using its vast network of business partners to sell the brand. On 23 June it inaugurated the country’s first Vredestein outlet and intends to follow the opening of this branded centre in Bengaluru with further Vredestein outlets in “all the key metropolitan cities in the country with a significant vehicle park of high-end cars and superbikes.”
There are many changes in our latest leading tyre manufacturers ranking. The 2023 table, which lists the world’s leading tyre companies according to their full-year 2022 financial results, particularly highlights the shifts that have taken place this year in the second half of the top 20. Meanwhile, the top nine tyremakers appear to be an increasingly stable group. Between places nine and 10, there is still a gap of some 1 billion euros, something that is clearly hard to overcome for newcomers. However, as insurmountable as it appears, the gap is obviously narrowing.
Apollo Tyres has bolstered its Vredestein agricultural tyre range with a further six sizes of the Traxion Optimall VF. The new additions focus on bringing the tyre to powerful tractors of 160hp and above. The Traxion Optimall series boasts good self-cleaning properties, grip, comfort and a long tyre life, the manufacturer states. The six new sizes are: VF750/70R44, VF900/50R42, VF650/65R38, VF650/60R38, VF710/55R30 and VF540/65R28.
With the Goodyear FIA European Truck Racing Championship’s 2023 season two meetings and eight races old, the purple-liveried SL Apollo Tyres Trucksport is competing at the top end of the driver’s championship. German 35-year-old driver Sascha Lenz says that the truck is ready to compete following mechanical challenges in pre-season practice, having stepped up the pace in the season to sit in fourth position in the driver standings. The championship has visited the Autodromo Misano World Circuit in Italy and the Slovakia Ring so far, with the new Polish round at Poznan coming up on 24-25 June. Lenz pronounced himself and the team “satisfied” with the team’s improvements in the new race truck: “My initial feeling after the testing was that we were far from where we wanted to be in terms of set-up. However, we have proved that we are going in the right direction.”
Through its premium Vredestein passenger car brand, Apollo Tyres offers one of the largest portfolios of high-performance tyres in Europe, including all-season, winter and summer options. The current includes the Quatrac Pro and Quatrac Pro EV for all-season, the Wintrac Pro for winter and the Ultrac Vorti+ and Vorti R+ for summer. Yves Pouliquen, group head of sales and marketing at Apollo Tyres, shares that this month the company confirmed details of the all-new Vredestein Quatrac Pro+, a dedicated all-season tyre for high-performance cars and SUVs, which will be available later this year.
Apollo Tyres is now sourcing 100 per cent of its natural rubber supplies from companies who have committed to sustainability throughout the supply chain, aligning with the code of conduct set out by the Global Platform for Sustainable Natural Rubber (GPSNR). The new initiative, which came into full effect recently and forms part of Apollo Tyres’ Global Sustainability Strategy, applies to the supply of natural rubber to the company’s two European production facilities in the Netherlands and Hungary.
Favourable fourth quarter and financial year 2022-23 financial results for Apollo Tyres, with revenue growth across all regions amounting to 12% in the fourth quarter and 17% for the full year. The Board of Directors thus recommend a dividend pay-out of Rs 4.00 per equity share and a special dividend of Rs 0.50 per equity share.
At a meeting of business partners in Hungary, Apollo Tyres launched its new Avolve service business model. The company describes Avolve as a “servitisation model” that offers tailored solutions to targeted customers, especially commercial fleet operators. Apollo Tyres is initially rolling out Avolve across India.
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