Apollo Tyres Ltd

About the Company :

Apollo Tyres Ltd, with its corporate headquarters in Gurgaon, India, is in the business of manufacture and sale of tyres since its inception in 1972. Over the years, the company has grown manifold, establishing its footprint across the globe. The company has manufacturing presence in Asia, Europe and Africa, with 9 modern tyre facilities and exports to over 118 countries. Powered by its key brands — Apollo, Dunlop (brand rights for 32 African countries) and Vredestein, the company offers a comprehensive product portfolio spread across passenger car, light truck, truck-bus, off highway and bicycle tyres, retreading material and retreaded tyres.

In November 2016, the company is planning to set up a greenfield tyre manufacturing plant in Chitoor district of Andhra Pradesh. In the first phase, the facility will roll out 5.5 million passenger car tyres. Later, it will also manufacture truck and off-highway tyres.

In December 2017, the company has raised Rs 1,500 crore through a QIP (Qualified Institutional Placement) and it also plans to raise Rs. 1500 crore by non convertible debentures.

In November 2019, the company has entered into an agreeement with Al-Jomaih Tyres of Saudi Arabia as exclusive distributor into that market. Saudi Arabia has a market potential of approximately 22 million tyres. It plans to capture a sizable market in growing truck-bus radial and passenger car tyre market.

New Projects

Apollo Tyres plans greenfield project in Chinnapanduru

Apollo Tyres is planning to set up a greenfield tyre plant in Chinnapanduru in Chittoor district of Andhra Pradesh. The ...

Read More