Connect with us


Apollo Sees Slight Sales Dip, Higher Profits in First Half


Apollo Tyres Ltd. reported a net profit of $88.6 million on net sales of $904.6 million for the first six months of its 2015-16 financial year.

Click Here to Read More

Profits for the first half of the fiscal year (April-September) are 17% higher than the same period in 2014-15. In addition, operating profit was up by 6% at $160.1 million.

While Indian operations reported flat revenues, delayed onset of winters in Europe resulted in lesser than expected sales and pre-orders for winter tires, adversely impacting the company’s European Operations, According to Apollo.

“Despite the increasing import of truck-bus radials (TBR), which continues unabated into India, we have been able to hold on to our revenues,” said Onkar Kanwar, chairman. “In the July-September quarter, the TBR imports increased almost 100%, as compared to the same period last year, of which the economy/Chinese brands contributed nearly 90%. The problem of low cost imports is putting at risk the entire ‘Make in India’ clarion call by the Indian government.”

Click to comment


goodyear-cooper-TR1400 goodyear-cooper-TR1400


Goodyear to Acquire Cooper Tire for Approx. $2.8B

Park-Tire-Top-Shop-Photo-father-and-sons Park-Tire-Top-Shop-Photo-father-and-sons

Proud to Be an Independent Tire Dealer

Tire Dealer Profile: Jim Stocking, Park Tire Company

Goodyear Tire Kramer Cooper Tire Hughes CEOs Goodyear Tire Kramer Cooper Tire Hughes CEOs


Goodyear CEO: Cooper Acquisition Means Better Dealer Service

Commerce Lowers Duties for Cheng Shin/Maxxis