Apollo Tyres to Raise Prices in June
Apollo Tyres Ltd. said it will increase tire prices by 4% in June after already hiking prices by 3.5% on May 1. The company cited increases in natural rubber and crude oil costs as the reason for the successive price hikes. Citing similar input cost pressures, the Apollo had increased prices 2% to 4% in
Apollo Tyres Co-Hosts First Indian CV Awards
In association with CV, a commercial vehicle themed magazine for the Indian market, Apollo Tyres has held the first dedicated awards for the commercial vehicle segment in India – the Apollo-CV Awards 2010. The awards ceremony took place on Mar. 8, and a total of 23 awards were conferred upon vehicle and ancillary component manufacturers.
Apollo Tyres Holds ‘Seven Wonders’ Dealer Trip
Called the "Grand Masters Conclave," Apollo Tyres held the first gathering of its Grand Master Business Partners in Beijing, China, over the weekend. The Apollo Grand Masters comprise a group of Apollo top performing passenger tire dealers from around the world. Apollo said its Seven Wonders of the World initiative for high performing dealers was
Apollo Tyres Sales Up 60%
Apollo Tyres Ltd.’s second quarter 2009/10 results show the company achieved 20.46 billion rupees ($443 million) of consolidated revenue in the period, up 62% over the same period last year. Operating profit totalled 2.9 billion rupees ($62.872) more than tripling the 818.3 million rupees the company brought in the year before. Onkar Kanwar, Apollo chairman,
Apollo Tyres Increases 2009 Capex
Apollo Tyres has apparently decided to up its 2009 capital expenditure from Rs 7 billion to 9 billion (≤113.0 million).
Apollo Tyres May Overtake MRF
(India Infoline) Apollo Tyres is likely to overtake MRF to become India’s largest tyremaker after the recent acquisition of Vredestein Banden BV for Rs12-15bn.
Apollo Tyres Targets 2 Billion Output by 2011
(ENS Economic Bureau) With the commissioning of the tyre manufacturing unit of Apollo Tyres Ltd. at Chennai by December this year, the production of truck and passenger tyres of the company will be increased to the billion-mark by 2011.
Apollo Tyres Launches Refreshed Web site
During the first quarter of 2009, Apollo Tyres launched its new corporate identity across its operations.
Apollo Tyres Appoints Capital as Creative Partner
(Televisionpoint.com) Following a multi-agency pitch, India’s largest tyremaker Apollo Tyres has appointed Capital Advertising as its creative partner for the passenger vehicles business.
Apollo Tyres Buying Vredestein for 300 Million Euros
The only lingering question after it was announced that India’s Apollo Tyres would but Vredestein Banden was, “How much?”