Page 9 - Apollo Tyres

Apollo Tyres plans to increase market share in Europe to 3.5% from 2.5%

With the Hungary plant going on stream, Apollo Tyres expects to increase its market share to 3.5 per cent in Europe and to start supplying to major brands including Volkswagen and Mercedes-Benz. The company said that US would be its next stop for building brands in US.Neeraj Kanwar, Vice Chairman and Managing Director, Apollo Tyres said that company's Vision 2020 for Europe is to be a premium brand both in terms of size and price. Tyres on or above 16 inch diameter, catering to the top end of the market, is considered as premium tyres."This facility will help us further increase our presence and market share in Europe. From being a replacement market focussed company in Europe, we would soon be starting supplies of our tyres to all the leading OEs in Europe including Volkswagen and Mercedes-Benz," said Kanwar.The company has already started discussion with OEMs and has turned on a satellite R&D division in Frankfurt which only caters to the OEMs in Europe.Company's expects its ...

Apollo takes cue from Maruti in top slot fight

Aiming to wrest market share from its peers, Apollo has stepped up product launches and investments

Indian-American jailed for $1 mn insider trading scheme

A jury had found the real estate entrepreneur guilty of securities fraud and conspiracy

Lower competition, robust sales positive for Apollo Tyres

The company is the leader in the Indian TBR space with a market share of 35% in the OEM segment

Apollo steps on the gas

Here's how Apollo Tyres plans to crack the two-wheeler market

Apollo tyres mulls new manufacturing plant in India

Apollo Tyres is planning to set-up a new manufacturing facility to manufacture tyres for two-wheeler and pick-up vehicles

Apollo Tyres setting up 475 mn euro greenfield plant in Hungary

The facility at Gyongyoshalasz will start production early next year and it will produce tyres to cater to the entire European market

Apollo Tyres raises Rs 300 cr via NCDs

The present issue is for allotment of 3,000 NCDs of face value of Rs 10,00,000 each aggregating to Rs 300 crore

Apollo Tyres launches new sets of products, says boost for TBR segment

The products are designed and developed at the company's Global R&D Centre in Chennai

Apollo Tyres treads the multi-product road to success

To set up new SUV line, launch second brand in TBR segment and expand agri offerings

Apollo Tyres to invest Rs 1,700 cr in Chennai plant

Euro 200 million to be spent on Hungary unit in 2016-17

Apollo Tyres in talks with 2-wheeler firms for direct supply

Apollo Tyres entry into two-wheeler segment continues to work well and has provided us opportunities for new distribution network in the rural areas

For Apollo Tyres, pricing pressures ahead

Higher volumes and lower raw material costs help company beat estimates in June quarter

Investing Rs 3K cr to double truck, bus tyre capacity: Onkar Kanwar, Apollo Tyres

Kanwar said that domestic tyre manufacturers are facing "big challenges" from cheap imports from China, which has now accounted for up to 35 per cent of the market in India

Apollo Tyres aims to be among top 3 players in two-wheeler tyre segment

Company is doubling its capacity in its key segment

Apollo Tyres Q1 net up 11% at Rs 315 cr

Net sales during the period under review stood at Rs 3,284.72 crore

Apollo Tyres earmarks Rs 3,200 crore capex for FY 17

Apollo Tyres shares today ended at Rs 151.45 apiece on the BSE, down 0.33% from its previous close

Apollo Tyres: Profit margins face challenge

Bigger blip was 36 basis points yearly decline in operating margins at 16%

Apollo Tyres Q4 net declines 20% to Rs 245 cr

However, the FY16 profit rose 12% to Rs 1,093 cr

Apollo Tyres finds skills shortage in Hungary a challenge

India's second largest tyre maker's difficulty in finding staff for a 500 mn euro factory reflects a wider problem for foreign investors in Hungary