Apollo Tyres

Apollo Tyres Ltd is the world's seventh

largest tyre manufacturer, with annual
consolidated revenues of ₹172.76 billion
(US$2.46 billion) in March 2018.[4] It was
incorporated in 1972. Its first plant was
commissioned in Perambra, Thrissur,
Kerala, India. The company now has four
manufacturing units in India, one in
Netherlands[5] and one in Hungary.[6] It has
a network of nearly 5,000 dealerships in
India, of which over 2,500 are exclusive
outlets.
 Apollo Tyres Limited

Type Public company

Traded as NSE: APOLLOTYRE
BSE: 500877
ISIN INE438A01022 

Industry Tyres

Founded 1972[1]

Headquarters Gurgaon, Haryana,

India[2]
Key people Onkar Singh Kanwar
(Chairman and MD)
Neeraj Kanwar (Vice
Chairman & MD)
Revenue ₹172.73 billion
(US$2.46 billion) [3]
Number of 16,000
employees
Website http://www.apollotyres.com

It gets 69% of its revenues from India, 26%

from Europe and 5% from other
geographies.[7]

Apollo announced its entry into the two-

wheeler tyre segment with contract
manufacturing in March 2016.[8] In
November 2016, the company signed a
MoU with the Government of Andhra
Pradesh to set up a new factory in Andhra
Pradesh to manufacture tyres for two-
wheelers and pick-up trucks.[9]
The company's second plant in Europe,
was inaugurated by the Hungarian Prime
Minister, Viktor Orban, in April
2017.[10][11][12]

Apollo Tyres opens its first service centre

in Malaysia.[13]

History
Apollo Tyres Ltd. was incorporated on 28
September 1972 as a Public Limited
Company and obtained certificate of
Commencement of Business on 24
October, 1972.[14] The company was
promoted by Bharat Steel Tubes, Ltd.,
Raunaq International Pvt. Ltd., Raunaq &
Co. Pvt. Ltd., Raunaq Singh, Mathew T.
Marattukalam and Jacob Thomas [15]. In
1975, the company made its Initial public
offer of equity shares and its first
manufacturing facility was commissioned
in Perambra Plant, Thrissur, Kerala, India in
1977,[1] followed by its 2nd plant at Limda,
Gujarat, India[1] in 1991. The company
acquired Premier Tyres Limited- PTL in
1995, which became its 3rd plant at
Kalamassery, Kerala, India.[16] In 2008, it
started a new plant at Chennai, Tamil
Nadu, India.[1] A year later in 2009, the
company acquired the Netherlands-based
tyre maker Vredestein Banden B.V. (VBBV)
for an undisclosed sum[17]
The company focused on the production
of truck tyres in India and introduced its
first truck tyre, Rajdhani in India.[18][2] The
company expanded its operation across
India and in 1996, it expanded operations
outside India by acquiring Dunlop's Africa
operations.[19] In 2013, it disposed of the
Dunlop brand in Africa along with most of
the South African operation in a sale to
Sumitomo Rubber Industries of Japan.[20]
The very same year, it started its Global
R&D Centre, Europe in Enschede, the
Netharlands.[21]

In 2015, Apollo Tyres bought Germany's

Reifencom for €45.6 million.[22] It shifted
its corporate office for Europe region to
Amsterdam from Enschede, the
Netherlands[23] and opened a Global R&D
Centre, Asia in Chennai, India a few
months later.[24]

In 2016, the company signed an MoU with

the government of Andhra Pradesh to set
up a new factory in the state.[25] In 2017, it
inaugurated its plant in Hungary.[6] On 9
January 2018, the Chief Minister of Andhra
Pradesh, N Chandrababu Naidu laid the
foundation stone for Apollo Tyres' ₹1,800-
crore tyre factory in Andhra Pradesh. The
plant will come up over a 200-acre site in
Chinnapanduru village near Sri City in
Chittoor district and produce passenger
car radial (PCR) tyres with an initial
capacity of 5.5 million tyres per year and
will serve both domestic and export
markets. [26][27]

Corporate Structure and

Leadership
Apollo Tyres is structured in the following
units:

Asia Pacific, Middle East and Africa

(APMEA)
Satish Sharma, President[28][29]
Europe
 Benoit Rivallant, President [30][29]

Board of Directors

Onkar Kanwar, Chairman & Managing

Director
Neeraj Kanwar, Vice Chairman and
Managing Director
Akshay Chudasama
Dr. S Narayan
Francesco Gori [31]
General Bikram Singh (Retd.)
Nimesh N Kampani
Pallavi Shroff
Robert Steinmetz
 Sunam Sarkar
Vikram S Mehta
Vinod Rai
Anjali Bansal
Dr M Beena
Seema Thapar

European Operations
Apollo Tyres currently sells Apollo and
Vredestein branded tyres in Europe.[19] The
company currently operates two tyre
factories in Europe; in the Netherlands and
in Hungary.[32] This second production
facility in Europe was inaugurated[33] for
production on 7 April 2017.[34]
References
1. "Archived copy" (PDF). Archived from
the original (PDF) on 19 November
2010. Retrieved 17 December 2010.
2. "Forbes India Magazine - Apollo's Play
in Europe" .
3. https://s3.eu-central-
1.amazonaws.com/apolloproducts/39
84/051018-apollo-tyres-net-sales-up-
22-in-q4.pdf
4. 051018-apollo-tyres-net-sales-up-22-
in-q4.pdf
5. "Apollo tyres roll into Europe today" .
The Hindu Business Line. 1 June 2010.
Retrieved 17 September 2014.
. "Apollo Tyres expands global footprint,
inaugurates Hungarian plant" .
www.autocarpro.in. Retrieved 8 May
2017.
7. "Annual Report for the Financial Year
2015-2016" . Apollo Tyres. Archived
from the original on 27 September
2016.
. "Widgets Magazine" .
epaperbeta.timesofindia.com.
Archived from the original on 5 June
2016. Retrieved 10 June 2016.
 9. Bureau, Our (9 November 2016).
"Apollo Tyres plans ₹500-cr factory in
Andhra Pradesh" . The Hindu Business
Line. Retrieved 8 June 2017.
10. "Hungary Prime Minister Viktor Orban
opens Apollo Tyres plant near
Budapest" . The Financial Express. 8
April 2017. Retrieved 12 June 2017.
11. "H.E. PM Viktor Orbán inaugurates the
Apollo Tyres plant in
Gyöngyöshalász" . Indian Embassy
Hungary. 7 April 2017. Archived from
the original on 8 April 2017. Retrieved
12 June 2017.
12. Bureau, BS B2B (10 April 2017).
"Apollo Tyres starts production from
Hungarian plant" . Business Standard
India. Retrieved 12 June 2017.
13. "Apollo Tyres opens its first service
centre in Malaysia" . Autocar
Professional. Archived from the
original on 14 May 2019.
14. "Apollo Tyres Ltd" . Business Standard
India. Retrieved 25 February 2020.
15. "Apollo Tyres History | Apollo Tyres
Information - The Economic Times" .
economictimes.indiatimes.com.
Retrieved 25 February 2020.
1 . "The Economic Times" .
17. Apollo Tyres Acquires Vredestein
Banden BV
1 . "Ambition, drive based on values" .
Tyre Asia. 22 February 2017. Retrieved
25 February 2020.
19. "Forbes India Magazine - Apollo's Play
in Europe" .
20. Tire Review Staff. "Sumitomo Acquires
Assets of Apollo Tyres South Africa" .
Tire Review Magazine.
21. Bureau, Our (14 January 2013). "Apollo
Tyres opens R&D centre in
Netherlands" . The Hindu Business
Line. Retrieved 17 August 2017.
22. "Apollo Tyres may miss 2020 revenue
target" . Retrieved 14 December 2015.
23. "Apollo Vredestein management now
based in Amsterdam" . Tyrepress. 20
May 2016. Retrieved 17 August 2017.
24. www.ETAuto.com. "Apollo Tyres opens
its Global R&D Centre, Asia in Chennai
- ET Auto" . ETAuto.com. Retrieved
17 August 2017.
25. Bureau, Our (9 November 2016).
"Apollo Tyres plans ₹500-cr factory in
Andhra Pradesh" . The Hindu Business
Line. Retrieved 17 August 2017.
2 . Mukherjee, Sharmistha (9 January
2018). "Apollo Tyres to invest Rs 1800
crore in first phase in Andhra
Pradesh" . The Economic Times.
Retrieved 25 February 2020.
27. Balachandar, G. "Apollo Tyres to invest
₹1,800 cr in Andhra Pradesh factory" .
@businessline. Retrieved 25 February
2020.
2 . Mukherjee, Sharmistha (16 March
2017). "Apollo Tyres' Satish Sharma
elected ATMA Chairman" . The
Economic Times. Retrieved 21 August
2017.
29. "Apollo Tyres Management Team" .
corporate.apollotyres.com. Retrieved
21 August 2017.
30. "Apollo Tyres elevates Benoit Rivallant
to head its European Operations" .
Apollo tyres. 16 October 2018.
Retrieved 26 October 2018.
31. "Francesco Gori: Executive Profile &
Biography - Bloomberg" .
www.bloomberg.com. Retrieved
21 August 2017.
32. Bureau, BS B2B (10 April 2017).
"Apollo Tyres starts production from
Hungarian plant" . Business Standard
India. Retrieved 8 May 2017.
33. Bureau, BS B2B (10 April 2017).
"Apollo Tyres starts production from
Hungarian plant" . Business Standard
India. Retrieved 17 April 2017.
34. "Hungary plant to start rolling out
products by 2017.A new plant is
considered to be launched in north
India: Apollo Tyres" . The Economic
Times. 17 September 2014. Retrieved
17 September 2014.

External links
Official website
Dunlop Tyres South Africa website
 Apollo Tyres Acquires Vredestein
Banden BV

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