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Apollo Tyres: Cost of raw materials, chip shortage impacts on operating performance

For the three months to 30 September 2021, the second quarter of its 2021-22 financial year, Apollo Tyres reports consolidated revenue of Rs 50.77 billion (£493.84 million). This represents an 18 per cent increase over the same period of the previous fiscal year. EBITDA decreased 9.8 per cent year-on-year, to Rs 6.38 billion (£62.06 million) with a margin of 12.6 per cent (16.5 per cent in Q2 2020-21). Net profit amounted to Rs 1.74 billion (£16.93 million).

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  1. Apollo Tyres maintains turnover, increases profits
  2. Apollo Tyres looking for ‘healthy topline growth’ after 22% sales increase in FY 2017-18
  3. Apollo Tyres: Stable sales in Europe, but profits further in the red
  4. Apollo Tyres: Net profits up 155% in Q3 2020-21
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India: Apollo Tyres enters LCV cross-ply market

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Although radial tyres are increasing their share of India’s light commercial vehicle sector, Apollo Tyres points out that around 165,000 cross-ply/bias light commercial tyres are sold throughout India every month. The tyre maker states it is “looking to get a share of this market” and has thus introduced a new cross-ply range, Apollo Bhim. It is offering two SKUs and says these will cater to nearly 80 per cent of the market in this segment.

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  1. Apollo launches Amazer XP for India’s growing eco segment
  2. Apollo Tyres partners with truck manufacturer for India healthcare initiative
  3. Apollo targets India’s CSUV market with Apterra Cross
  4. JD Power survey confirms Apollo Tyres’ strength in India’s small car segment
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Further tyre makers publish GPSNR-aligned rubber procurement policies

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Hankook Tire and Apollo Tyres are the latest tyre manufacturers to align their natural rubber procurement policies with the framework adopted by the Global Platform for Sustainable Natural Rubber (GPSNR) in September 2020. Indian firm Apollo has released its first natural rubber policy document, while South Korea’s Hankook has updated the policy it introduced in 2018. Earlier this week, Yokohama Rubber announced it had altered its natural rubber procurement policy to accommodate the GPSNR policy framework.

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  1. Hankook Tire introduces policy for rubber supply chain sustainability
  2. GPSRNR policy framework drives commitment to sustainable rubber sourcing
  3. Global platform for sustainable natural rubber launched
  4. Toyo Tires updates natural rubber procurement policy
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Van Wessum becomes Goodyear consumer sales general manager UK & Ireland

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Goodyear

Goodyear has announced the appointment of Jaap van Wessum as Goodyear sales general manager Consumer UK & Ireland and Cooper Europe. Van Wessum will lead Consumer Sales within the UK & Ireland alongside leading the Cooper Europe business. He will also have responsibility for Goodyear’s legal entity within the UK and Ireland.

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  1. Cooper Tire joins the Goodyear team
  2. Cooper announces plan to end light vehicle tyre production at Melksham
  3. Torque from the Top – Pravesh Amtha, recent sales general manager Consumer UK & Ireland at Goodyear
  4. Cooper Melksham cutback plans to proceed after consultation ends
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Longstaff joins Apollo Tyres as OHT Specialist

Apollo Tyres (UK) has appointed a new specialist to oversee sales of its growing off-highway tyres (OHT) range and support existing and new customers. Darren Longstaff becomes Apollo Tyres’ OHT Specialist and brings over 35 years of experience in the tyre industry.

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  1. Vredestein motorcycle tyre range coming in 2019
  2. Apollo appoints J. Walter Thompson as global creative agency
  3. Apollo Tyres showcasing motorcycle tyre at EICMA – European Vredestein range on its way
  4. Conserving costs, maximising business: Apollo Tyres’ response to the coronavirus pandemic
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Apollo Tyres continues European turnaround

Apollo Tyres reported substantially improved key results at the start of its new financial year, which runs from 1 April 2021 to 31 March 2022. The Indian tyre maker, owner of the Vredestein brand since 2009, reported a 59.5 per cent increase in sales during the three months to 30 June.

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Related news:

  1. Apollo Tyres maintains turnover, increases profits
  2. Apollo Tyres looking for ‘healthy topline growth’ after 22% sales increase in FY 2017-18
  3. Apollo Tyres: Stable sales in Europe, but profits further in the red
  4. Apollo appoints J. Walter Thompson as global creative agency
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Coach tyre market debut for Apollo with EnduComfort CA

Apollo Tyres is launching its first coach tyre, the all-new EnduComfort CA. It says the tyre “delivers premium levels of mileage, durability and all-weather grip” as well as “superior standards of comfort for passengers and drivers.” The Apollo EnduComfort CA is available in size 295/80 R22.5.

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  1. Apollo Tyres updates regional truck range
  2. 19 finalists chosen for 2015 AutoBild winter tyre test
  3. Apollo Tyres expands winter range with Aspire XP Winter
  4. Continental introduces new drive axle winter tyre for coaches
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Apollo Tyres updates regional truck range

Apollo Tyres Europe has launched an all-new truck trailer tyre, the new EnduRace RT2. This second-generation range builds on the success of the EnduRace RT predecessor, and Apollo says it “provides excellent all-weather performance, reduced rolling resistance, and enhanced mileage and durability,” representing a “premium yet affordable solution for truck operators.” The tyre maker has also introduced a new generation regional drive axle fitment.

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  1. Apollo Tyres opens €475 million greenfield Hungarian plant
  2. First truck tyres shipped from Apollo Tyres’ Hungary plant
  3. Apollo Tyres to further raise TBR tyre capacity in Chennai
  4. Apollo Tyres: European truck tyre production starting this quarter
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Apollo Tyres hoping to restart Perambra plant production next week

Several days ago, Apollo Tyres informed the BSE stock exchange regarding the temporary closure of its Perambra factory in India’s Kerala state. The company said it had paused production in Perambra and closed the facility in order to comply with the current pandemic situation and directives issued by local authorities. The tyre maker reports that the plant will remain closed until 23 May.

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  1. Apollo Tyres takes first step to resuming production in India
  2. Apollo Tyres restarting production in Hungary & India
  3. Apollo Tyres suspends production at four plants in India
  4. BKT restarts production with distancing measures in place
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North American debut for Apollo truck-bus tyre range

Apollo Tyres aims to gain a foothold in the North American commercial vehicle market with tyres produced at its plants in Europe and India. The roll-out of commercial vehicle tyres in the USA and Canada follows the introduction of a comprehensive passenger vehicle range, but this time the tyre maker will market its products under the Apollo brand rather than as Vredestein tyres. Apollo Tyres says the launches of both ranges have been preceded by years of in-market research and planning.

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  1. New kid on the block: Vredestein launches full North American range
  2. Pirelli to sell truck tyres in the North America
  3. Apollo Tyres opens €475 million greenfield Hungarian plant
  4. Reports: Apollo planning to re-enter US market
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New XL press in Enschede: Apollo Vredestein begins 5-year agri investment programme

Apollo Vredestein is enhancing its European agricultural tyre production activities at its Enschede factory in the Netherlands by bringing a new 104-inch tyre press into service in mid-March. The newly-installed tyre press will mainly produce tractor tyres for the XL segment (up to 2.30 metres in diameter and weighing up to 550 kg), products suitable for tractors between 200 and 500 hp. The tyre maker says the commissioning of the press represents a “significant increase in capacity” for this tyre segment.

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  1. Apollo Tyres: Netherlands car tyre production down, but not out
  2. Apollo Tyres: Stable sales in Europe, but profits further in the red
  3. Vredestein: Made in India, for India
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Apollo targets India’s CSUV market with Apterra Cross

Apollo Tyres has launched a new tyre range to satisfy demand in India’s fast-growing compact SUV market. The tyre maker says it has introduced the Apollo Apterra Cross following two years of development and testing, and will initially offer the range in five sizes for 16- and 17-inch rim diameters. While Apollo Tyres currently has no plans to bring the Apterra Cross to Europe, it intends to distribute the range in ASEAN and SAARC markets at a later date.

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  1. Apollo Tyres partners with truck manufacturer for India healthcare initiative
  2. Apollo launches Amazer XP for India’s growing eco segment
  3. India’s competition authority approves Warburg Pincus’ investment in Apollo Tyres
  4. Apollo Tyres restarting production in Hungary & India
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Vredestein: Made in India, for India

Dutch tyre brand Vredestein is coming to India. During an investor call this month, parent company Apollo Tyres confirmed that Vredestein products are being manufactured in this market and will be introduced locally during the first quarter of 2021.

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  1. Apollo Tyres opens €475 million greenfield Hungarian plant
  2. Apollo Tyres partners with Indian cricketing great
  3. Vredestein Enschede: Company and employees fail to reach agreement
  4. Cutting ‘bad’ costs, working smarter – Apollo MD Neeraj Kanwar answers T&A’s questions
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Apollo launches Amazer XP for India’s growing eco segment

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Apollo Tyres has unveiled a new eco-oriented tyre developed by its R&D facilities in Europe and India and offering a “best in class rolling resistance coefficient.” The tyre maker says the Apollo Amazer XP complies with BS VI, India’s equivalent of Euro 6 standards, and is electric vehicle ready. Apollo will initially only sell the Amazer XP range in India, including as an original equipment tyre for several vehicles.

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  1. Apollo Tyres partners with truck manufacturer for India healthcare initiative
  2. Apollo Tyres aiming for “dominance” in India’s TBR segment
  3. JD Power survey confirms Apollo Tyres’ strength in India’s small car segment
  4. Apollo aims for leadership in Indian two-wheel tyre market, Europe next
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Apollo Tyres: Net profits up 155% in Q3 2020-21

Apollo Tyres reports improved sales and significantly higher net profit in the three months to 31 December 2020, the third quarter of its 2020-21 financial year. The bottom-line result for the year to date is admittedly less impressive, as net profits have been watered down by costs associated with the restructuring of the Apollo Vredestein facility in Enschede, the Netherlands.

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Related news:

  1. Apollo Tyres: Stable sales in Europe, but profits further in the red
  2. Apollo Tyres lifts profit margin to 18.7% in April-June quarter
  3. Apollo Tyres maintains turnover, increases profits
  4. Warburg Pincus investing £117 million in Apollo Tyres
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