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You are here: Home1 / Gaurav Kumar

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Slight slowdown in India’s radialisation

International News

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.”

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Related news:

  1. Apollo Tyres aiming for “dominance” in India’s TBR segment
  2. India’s BEML to Produce OTR Tyres With Apollo & JK Tyres
  3. Pirelli truck tyres separating and merging with Aeolus/ChemChina
  4. Aiming for market leadership: Apollo investing a further £610 million in India
16th August 2019/by Stephen

Apollo Tyres: Netherlands car tyre production down, but not out

Company News, International News

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.

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Related news:

  1. Increasing ag focus: Apollo Vredestein reducing PCR production in Netherlands plant
  2. Apollo Vredestein plant restructuring: Dutch politicians seek answers from European Commission
  3. Apollo Vredestein ‘scaling back’ European production
  4. Apollo Tyres: Stable sales in Europe, but profits further in the red
19th July 2019/by Stephen

Aiming for market leadership: Apollo investing a further £610 million in India

Company News, International News

With the ramp-up of its plant in Hungary, Apollo Tyres Ltd. is growing in Europe. The company also has ambitious plans in its home market of India – it aims to become the country’s leading tyre maker, and is investing to do so. Total investments over the period between 2015 and 2021 approach £900 million.

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Related news:

  1. Apollo Tyres: Netherlands car tyre production down, but not out
  2. India’s competition authority approves Warburg Pincus’ investment in Apollo Tyres
  3. Apollo Tyres opens €475 million greenfield Hungarian plant
  4. Apollo aims for leadership in Indian two-wheel tyre market, Europe next
29th August 2018/by Stephen

Apollo Tyres: European truck tyre production starting this quarter

Company News

Truck tyre production at Apollo Tyres’ factory in Gyöngyöshalász, Hungary will begin before the end of September. According to Gaurav Kumar, chief financial officer of Apollo Tyres Ltd., production is scheduled to start during the July to September quarter and the ramp-up of truck tyre production will then continue and reach a maximum capacity of 1,200 pieces per day by the end of March next year.

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Related news:

  1. Apollo Tyres opens €475 million greenfield Hungarian plant
  2. Aiming for market leadership: Apollo investing a further £610 million in India
  3. First truck tyres shipped from Apollo Tyres’ Hungary plant
  4. Apollo Tyres restarting production in Hungary & India
28th August 2018/by Stephen

Increasing ag focus: Apollo Vredestein reducing PCR production in Netherlands plant

Company News

During a conference call held this month, the chief financial officer of Apollo Tyres Ltd. confirmed that passenger car tyre production at the Apollo Vredestein plant in Enschede, the Netherlands would be reduced as capacity for these products grows in the company’s new, more cost-competitive facility in Gyöngyöshalász, Hungary. However, this trend shouldn’t be seen as a transfer of capacity, as the plan for Enschede going forwards is for its continued utilisation, with greater emphasis placed upon other segments.

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Related news:

  1. Apollo Tyres: Netherlands car tyre production down, but not out
  2. Apollo Vredestein plant restructuring: Dutch politicians seek answers from European Commission
  3. Apollo Tyres: Stable sales in Europe, but profits further in the red
  4. Apollo Tyres aiming for 20/80 OEM-replacement mix in Europe
28th August 2018/by Stephen

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

Company News, Premium

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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Related news:

  1. Hungary confirmed for first Apollo greenfield factory outside India
  2. Apollo Tyres opens €475 million greenfield Hungarian plant
  3. European Commission says Hungary to host Apollo’s new tyre plant, endorses proposed investment
  4. Apollo lays foundation of Hungary Greenfield tyre manufacturing plant
17th August 2017/by Tyrepress Editors

Hungary plant – Apollo Tyres anticipates €300M investment by end of fiscal year

Company News, International News

Apollo Tyres’ Enschede plant in the Netherlands has a 200 tonne per day capacity and currently operates at more than 90 per cent capacity utilisation, and to supplement output within the region the tyre maker is currently erecting a brand new factory in Hungary. During a conference call last week, Gaurav Kumar, chief financial officer at Apollo Tyres Ltd., confirmed that the company has planned a capital expenditure of €200 million for the project during the current financial year (1 April 2016 to 31 March 2017).

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Related news:

  1. Apollo Tyres: Netherlands car tyre production down, but not out
  2. Increasing ag focus: Apollo Vredestein reducing PCR production in Netherlands plant
  3. Aiming for market leadership: Apollo investing a further £610 million in India
  4. Apollo Tyres restarting production in Hungary & India
19th August 2016/by Tyrepress Editors

Apollo Tyres promotes Gaurav Kumar to CFO

Career Tracks

A replacement has been found for Raj Banerji, who resigned as Apollo Tyres’ chief financial officer after less than two months in the job. Gaurav Kumar, previously group head of corporate strategy and finance, has taken on the role and will oversee Apollo Tyres’ global accounts, finance, taxation and investor relations from the company’s headquarters in Gurgaon, India. He reports to vice-chairman and managing director, Neeraj Kanwar.

Read more

Related news:

  1. Banerji to help Apollo Tyres over the ‘cusp of next global growth phase’
  2. Francesco Gori appointed as Apollo Tyres advisor for strategy
  3. Francesco Gori now an Apollo Tyres director
  4. Apollo Tyres’ management takes coronavirus pay cut
15th May 2015/by Tyrepress Editors
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