Tag: Apollo Tyres
Apollo Tyres partners with truck manufacturer for India healthcare initiative
Under a new partnership with commercial vehicle manufacturer Ashok Leyland, Apollo Tyres will provide healthcare facilities to truckers at a major transport hub in southern India. The tyre maker describes this collaboration as “a unique, first of its kind partnership.”
Apollo Tyres enters Saudi Arabia tyre market
Apollo Tyres Ltd has entered the Saudi Arabia tyre market in cooperation with Al-Jomaih Tyres Company Limited, the exclusive distributors for the Kingdom. Apollo Tyres reports that it will be focussing on the large and growing truck-bus radial and passenger car tyre market, aiming to capture “a sizeable market share” in each of these segments.
Auto Bild Allrad: ‘top-class’ performance from Apollo in winter tyre test
The team at Auto Bild Allrad faced a problem when it came to performing their annual winter tyre test – they couldn’t find enough snow. To get around this shortcoming, the testers travelled to Japan with their equipment and ten brands of European market winter tyres. They also took a set of summer tyres with them for comparison and to serve as a warning to anyone tempted to drive on them in the snow and ice.
Apollo Tyres’ Thelma truck to race at Le Mans ‘one more time’
The Apollo Tyres TOR Truck Racing team will bring its racing truck ‘Thelma’ to Le Mans on 28-29 September for its final 2019 appearance on track. The team has been making a few alterations to the racing truck following a successful weekend at the ‘Convoy in the Park’ event at Donington in August, in preparation for the penultimate rounds of the European Truck Racing Championship.
Apollo Tyres opens first truck tyre centre in Thailand
Apollo Tyres has extended its Apollo Truck Tyre Zone (ATTZ) fleet service concept to Thailand. The first ATTZ outlet, a collaboration between Apollo and local partner Ten Ten Auto Tyres has opened in Hat Yai District, Songkhla Province and is equipped to provide a range of services such as wheel alignment for trucks and cars, tyre changing and wheel balancing.
Slight slowdown in India’s radialisation
The radialisation in India’s commercial vehicle and off-highway tyre market has slowed down but is still progressing, says Apollo Tyres. During an earnings call earlier this month, chief financial officer Gaurav Kumar commented that radialisation in the market as a whole has “slowed down slightly from earlier expectations.”
Apollo Tyres: Netherlands car tyre production down, but not out
Passenger car tyre production and capacity at Apollo Tyres’ Gyöngyöshalász plant in Hungary has steadily grown over the past two years. These respectively reached 2.1 million and almost 3 million units a year by the end of March 2019, and Apollo is still ramping up in Hungary. It’s a different story in Enschede, some 700 miles to the west, but Apollo Tyres says it isn’t preparing to end car tyre production in the Netherlands any time soon.
Apollo Tyres introduces EnduMaxx brand in India
Apollo Tyres has introduced the Endumaxx brand of tyres for light trucks in India. The company described light truck radial demand as having “a potential of 112,000 tyres per month in India, and it is growing at a much faster pace than any other segment”.
Apollo partners Sachin Tendulkar and A R Rahman in new advert
Leveraging its association with the sporting legend, Sachin Tendulkar, Apollo Tyres has launched a corporate advertising campaign called: “Ganga: the River of People”. The campaign covers television, digital, print and cinema mediums. Indian musical director, composer, musician and singer, A R Rahman has specially composed and sung a song for this television commercial (TVC).
Alberto Vigano on Vredestein’s new two-wheel range
Riders in the UK and Europe will encounter a new brand of motorcycle tyre later this year, a brand with its sights set on the big players. Entering a hotly-contested market poses a sizable challenge, but the newcomer has several aces up its sleeve. Not only is it produced by a major tyre maker that is already established in Europe, anyone who’s ever shopped for car tyres will find the brand reassuringly familiar.
Matos to lead Apollo Vredestein’s OE strategy in Europe
In addition to his existing remit as chief quality & business excellence officer, Pedro Matos has now taken on the added responsibility of leading Apollo Tyres’ original equipment strategy and sales for passenger car tyres in Europe.
Apollo Tyres partners with Indian cricketing great
Extending its sports sponsorship engagement beyond football, Apollo Tyres has entered into a five-year agreement with former Indian international cricketer and team captain Sachin Tendulkar. This is the first time an individual celebrity has served as Apollo brand ambassador.
Apollo Tyres: Q2 2018-19 financials
Sales and profits were higher year-on-year during the second quarter of Apollo Tyres’ 2018-29 financial year. The company reports a 23 per cent rise in sales, to Rs 41.92 billion (£447.8 million) in the three months to 30 September 2019. Operating profit rose 25 per cent during the quarter, to Rs 4.80 billion (£51.5 million), while net profit was, at Rs 1.46 billion (£15.6 million), four per cent higher than a year earlier.
Apollo Tyres: Onkar & Neeraj Kanwar take a pay cut
Following internal discussions and review of a commissioned report produced by Ernst & Young, the Nominations & Remuneration Committee (NRC) within the Board of Directors at Apollo Tyres Ltd. has recommended changes to the compensation packages Onkar and Neeraj Kanwar receive from the company.
Apollo Tyres’ Onkar Kanwar receives Japanese Imperial honour
In its 2018 Autumn Imperial Decorations, the Government of Japan has conferred upon Onkar S Kanwar the Order of the Rising Sun, Gold and Silver Star. The chairman of Apollo Tyres Ltd. received this recognition for his contributions towards strengthening the economic relations between Japan and India, and for promoting Japanese company’s entry into the Indian market.