Puneet Varma (Editor)

Apollo Tyres

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Type
  
Public company

Headquarters
  
Gurgaon

Founded
  
1972

Industry
  
Tyres

Number of employees
  
16,000

Apollo Tyres httpsuploadwikimediaorgwikipediacommonsthu

Traded as
  
NSE: APOLLOTYREBSE: 500877

Key people
  
Onkar Kanwar (Chairman, MD & CEO)Neeraj Kanwar (Vice-Chairman & MD)

Website
  
http://www.apollotyres.com

Stock price
  
APOLLOTYRE (NSE) ₹ 184.75 +0.30 (+0.16%)27 Feb, 3:40 PM IST - Disclaimer

CEO
  
Onkar Singh Kanwar (Jan 2006–)

Revenue
  
117.1 billion INR (US$1.7 billion)

Profiles

Facebook

Apollo tyres ltd a multinational 2012


Apollo Tyres Ltd is the world's 17th biggest tyre manufacturer, with annual consolidated revenues of Rs 117.1 billion (US$1.8 billion) in March 2016. It was founded in 1972. Its first plant was commissioned in Perambra, Thrissur, Kerala, India. The company now has four manufacturing units in India, and 1 in Netherlands. It has a network of nearly 5,000 dealerships in India, of which over 2,500 are exclusive outlets.

Contents

It gets 69% of its revenues from India, 26% from Europe and 5% from other geographies.

Apollo announced its entry into the two-wheeler tyre segment with contract manufacturing in March 2016.

Manufacturing excellence at apollo tyres showcasing technology 2012


History

  • 1976 - Company was conceived and promoted by Mathew T Marattukalam, Bharat Steel Tubes, Ltd. Raunaq International Pvt. Ltd., Raunaq & Co. Pvt. Ltd., Raunaq Singh and Jacob Thomas.
  • 1977 - 1st plant established at Perambra, Kerala, India
  • 1991 - 2nd plant at Limda, Gujarat, India
  • 1994 - Started selling tyres for 2-wheelers
  • 1995 - Acquired Premier Tyres Limited- PTL. It is the 3rd plant at Kalamassery, Kerala, India
  • 2006 - Expanded operations outside India by acquiring Dunlop's Africa operations.
  • 2008 - A new plant at Chennai Tamil Nadu, India
  • 2009 - Apollo Tyres acquired the Netherlands-based tyre maker Vredestein Banden B.V. (VBBV) for an undisclosed sum
  • 2013 - Disposed of the Dunlop brand in Africa along with most of the South African operation in a sale to Sumitomo Rubber Industries of Japan.
  • 2015 - Apollo has bought Germany’s Reifencom for €45.6 million.

    • European Operations

    Apollo Tyres currently sells Apollo and Vredestein branded tyres in Europe. The company currently operates one tyre factory in Europe, in the Netherlands, and is building a second factory in Hungary. This second production facility in Europe will begin production in early 2017.

    References

    Apollo Tyres Wikipedia
    (Text) CC BY-SA


    Similar Topics