Indian business newspaper The Hindu Business Line recently spoke with Apollo Tyres Vice Chairman and Managing Director Neeraj Kanwar about his plans for the India-based tire company. During the interview, Kanwar told Business Line that Apollo “cannot ignore the U.S. or China” in its aspiration to become a top ten global tire company.
“I am seriously looking at China – I cannot ignore China,” Kanwar told Business Line. “If our ambition is to become a top ten in the world, we cannot ignore the U.S. or China. I don’t have anything right now – eventually one has to enter those markets.”
Regarding expansion in the U.S., Kanwar said that producing tires in the country is a solution, but there are no plans to do so today.
“In the U.S., we sell both Vredestein and Apollo there but on a small scale,” Kanward said in the Business Line interview. “The answer to that market is not selling to the U.S. but sourcing there, eventually. But now we are just getting a feeling and have no plans for sourcing from the US right now.”
Read the entire interview here.
