Tyre maker Apollo Tyres will kick-start its plan to begin its operations in Europe by opening its first sales, marketing and technical office here in Germany in January, besides giving final touches to its seven-million-tyre greenfield unit project in East Europe.
The company, which has at present one plant each in India and South Africa, exports […]
Apollo Tyres on Thursday reported a steep fall in second quarter profit despite a rise in sales as it was not able to pass on high raw material prices.
Apollo Tyres, India’s second largest tyre company, saw profits falling nearly 74 per cent as high costs of natural rubber and firm crude prices gnawed into margins.
The […]
Apollo Tyres on Wednesday announced an investment of Rs 1,160 crore ( ?200 million) to set up a manufacturing unit for passenger car tyres in Hungary. In the first phase, the facility will have a capacity of 7 million tyres, the company said, with production likely to commence in the next 18 months.
?The manufacturing facility […]
Buoyed by robust response to its commercial vehicles radial tyres, Apollo Tyres on Tuesday said it will double the production capacity at its Vadodara plant.
The company also said it was in talks with global auto majors, including Skoda, Volkswagen and Daimler for supplying equipment in the passenger cars segment. More
Courtesy:economictimes.indiatimes.com
Stable raw material prices have helped Apollo Tyres Ltd register a 164 per cent jump in net profit on a standalone basis (Indian operations only) for the second quarter ended September 30, 2007.
The net profit for the second quarter was at Rs 51.1 crore against Rs 19.3 crore registered in the corresponding previous quarter.
The net […]
India’s largest passenger car tyre exporter Apollo Tyres on Tuesday reported a 62 per cent jump in net profit to Rs 42.71 crore for the fourth quarter ended March 31, as compared to Rs 26.38 crore for the corresponding period a year ago.
The Apollo Tyres , which acquired the South African arm of Dunlop Tyres, […]
After entering the truck & bus radial tyres, Apollo Tyres is now consolidating its presence in the passenger vehicle radial tyre segment. Besides concentrating on entering newer markets for exports, the company has also entered the retreaded car tyre segment and is quiet bullish about it.
The tyre manufacturer plans to launch a new range of […]