Page 4 - Apollo Tyres

No early end to the 'new normal', yet the show must go on: Apollo Tyres CMD

Stating that the uncertainty due to the coronavirus pandemic will continue, Apollo Tyres Chairman and Managing Director Onkar S Kanwar has said he doesn't see an early end to the 'new normal'. In view of a bleak global, Indian and European outlook, the tyre major has adopted a "cautious approach" with focus on employee safety, conserving cash, re-engineering production and cutting down all avoidable costs while continuing to spend on R&D, e-training and brand building, among others. "FY20 was a tough year by all measures. While the auto industry had been on a slow growth path even in FY19, the last year proved to be a complete dampener for the industry due to poor consumer sentiment, increased cost of ownership on account of higher insurance cost, and higher financing cost owing to the liquidity crisis in the non-banking financial company (NBFC) sector," Kanwar said in his address to shareholders in the company's annual report for 2019-20. He, however, said the company is still ...

Top Headlines: LG Polymers probe, US may ban Chinese apps, and more

The Trump administration has a new rule that may force some foreign students to leave the US.

Apollo Tyres decides to reduce capex by Rs 400 crore over coronavirus

The company had initially planned around Rs 1,400-1,500 crore in India and about 20 million pounds for its European facility

Apollo Tyres to cut capex by Rs 400 cr this fiscal to preserve liquidity

The company had earlier earmarked a capex of around Rs 1,400-1,500 crore for the domestic operations for the current financial year

Apollo Tyres starts production at AP facility; to invest Rs 3,800 cr

The company plans to invest close to Rs 3,800 crore in phase I of this greenfield facility, which is spread over 256 acres

Tyre stks in focus; JK Tyre, TVS Srichakra gain up to 10% in a weak market

DGFT, vide its June 12 notification, has placed import of major tyre categories in the 'restricted' category from the 'free' category earlier.

From Nestle India to Maruti Suzuki, impact of Covid-19 on earning estimates

Given the huge hit from lockdown, it is not surprising that 44 of the 80 companies have seen sharp cuts ranging 10% to 72%

Market Ahead, May 19: Top factors that could guide markets today

Today, 18 companies, including Bajaj Finance, Apollo Tyre, and Ujjivan Small Finance Bank, are scheduled to announce their March quarter earnings

Motherson Sumi to Tata Motors: Europe slowdown to hit auto sector hard

Motherson Sumi, Apollo Tyres and Tata Motors to be among the worst affected because of high exposure

Apollo Tyres prunes FY20 and FY21 capex by Rs 300 cr on auto slowdown

The move is in line with other tyre makers' plans to pare their outlays

PE firm Warburg Pincus planning to invest $150 mn in Apollo Tyres

The Board of Directors of Apollo Tyres Ltd approved the issuance of compulsorily convertible preference shares in the company

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

With the chart looking promising, we suggest to buy Hindalco and accumulate the stock with an upside target of Rs 220-225 keeping the stop loss near Rs 180 levels.

Decline in raw material costs by 3.5% drives Apollo Tyres' margins

Weak demand, high competition could weigh on stock in near term

Apollo Tyres' Chennai Unit conferred with FICCI Quality Systems Excellence awards

Apollo Tyres' Chennai Unit conferred with FICCI Quality Systems Excellence awards

Apollo Tyres collaborates with GARC to establish test track in Tamil Nadu

Apollo Tyres has provided the technical expertise to get the track ready for testing wet grip of tyres, as per the standard specifications

Muted volumes in India may put Apollo Tyres' revenue growth on slow gear

The firm's supply to passenger vehicles also registered a decline of 11%

Replacement segment gives smooth ride to Apollo Tyres amid auto slowdown

Slowing auto sales, higher commodity costs remain major areas of concern

Apollo Tyres' Q1 consolidated net profit dips 44% to Rs 142 crore

The company's total income rose marginally to Rs 4,358.78 cr during April-June 2019 as compared with Rs 4,328.6 cr in the year-ago period

Apollo bullish about growth, to invest Rs 3,800 cr in new Andhra project

The company has also invested close to Rs 4,000 crore in a new Greenfield facility in Hungary

M&M, Bosch, Voda Idea, and 16 other BSE500 stocks slump to three-year lows

A total of 51 stocks including M&M Financial, JSW Steel, Heritage Foods, Eris Lifesciences, Godrej Consumer, L&T Financial Motilal Oswal Financial and Shoppers Stop hit 52-week lows.