Page 5 - Apollo Tyres

Higher input costs, competition may impact profitability of Apollo Tyres

The slowdown has impacted commercial vehicles led by slowing rural consumption, depressed freight rates and under-utilisation of trucks

Apollo Tyres eyes pole position in India by 2020, gains from Europe by 2021

The company has put in close to Rs 4,000 crore in a new facility in Hungary and has also earmarked another Rs 3,800 crore for a greenfield project in Andhra Pradesh

Weak demand from original equipment manufacturers to weigh on Apollo Tyres

Falling raw material costs to ease the pressure on pricing, sluggish demand

Apollo Tyres upbeat on FY20 sales and investments; IL&FS overhang persists

The company's CFO said it would aim for double‐digit growth of sales in fiscal 2020, unless significant headwinds hit the economy

Apollo Tyres to maintain momentum in coming quarters on margin uptick

Volume growth expected to be led by the truck and bus replacement market

Sebi slaps Rs 6.5-mn penalty on Apollo Tyres for violating buy-back norms

Sebi had earlier imposed a penalty of Rs 10 million

Apollo Tyres' Onkar S Kanwar and Neeraj Kanwar to take pay cut from FY19

Move comes after minority shareholders resist re-appointment of MD Neeraj Kanwar

Apollo Tyres hits fresh 52-week low; analysts see more downside

Analysts say the move is a step in the right direction for improving corporate governance standards in India.

Apollo Tyres to seek shareholders' guidance on MD Kanwar's compensation

The move comes after minority shareholders reject re-appointment last month

From tech to healthcare firms, 9 successful resolutions before Apollo Tyres

All the other companies in the sample managed to successfully pass resolutions on related parties in key management positions

From Gopal Vittal to Sudhir Mehta, CEOs rake in moolah amid falling profits

Besides Apollo Tyres, 26 large listed firms give double-digit hikes to top executives despite a decline in net profit

Apollo Tyres adds truck radials in Andhra after strong revival in segment

Apollo Tyres is planning to produce commercial vehicle tyres in the upcoming facility at Andhra Pradesh, where the company plans to invest around Rs 18-20 billion. Originally the company was planning to produce only car tyres, but now it plans to add tyre bus radial (TBR) tyres.The company also said it has lined up around Rs 10 billion for the current fiscal as Capex, which would be towards regular maintenance for the existing facilities and to complete Chennai expansion. It doesn't include investment in Andhra Pradesh.Gaurav Kumar, CFO, Apollo Tyres, said that Andhra Pradesh Greenfield would start production in the second half of Fiscal 2020. "We are on the drawing board right now, given the strong revival in demand and the significant volume growth outlook now in AP we are considering both car tyres and truck tyres. Earlier the plan was to consider only car tyres, but we are now looking at a capacity for truck tyres also in AP."It may be noted, Apollo had set up a big facility at ...

Apollo Tyres to produce truck tyres in Andhra Pradesh, invest Rs 20 bn

The Andhra Pradesh greenfield would start in the second half of FY2020

Apollo Tyres bats for a goal to ride the growing popularity of football

The tyre maker looks to score a few points for its brand on the football field, hoping to ride the growing popularity of the sport among the young

Apollo Tyres lines up Rs 4,500-crore capex for next two years

Company to set up a greenfield unit in India, and expand facilities in Chennai and Hungary

Import curbs, India sales key triggers for Apollo Tyres

Even as the June quarter numbers were poor, the Apollo Tyres stock clocked nine per cent gains in trade on Monday. Interestingly, even as there could some more pain in the near-term before prospects start looking better for the company, the street is bullish on Apollo Tyres. Why?For one, there is expectation of demand growth in India, raw material prices are easing and the likely gains from favourable policy initiatives. The Apollo Tyres management is positive about demand growth in India in the passenger vehicles segment and is hopeful of a revival in the commercial vehicle (CV) demand. The initial trigger is the festive season while improvement in the capex cycle, macroeconomic environment is expected to improve CV demand.The immediate key trigger, however, is the 7-12 per cent anti-dumping duty on Chinese truck and bus radial tyre (TBR) imports. TBR imports had spurted seven-fold over the last three years to 1.4 million units cornering a 23 per cent share in the replacement market .

Apollo Tyres Q1 net profit up by 72% to Rs 88.3 crore

Due to pre-GST destocking by trade partners and higher expenses

Apollo Tyres plans to increase market share in Europe to 3.5% from 2.5%

With the Hungary plant going on stream, Apollo Tyres expects to increase its market share to 3.5 per cent in Europe and to start supplying to major brands including Volkswagen and Mercedes-Benz. The company said that US would be its next stop for building brands in US.Neeraj Kanwar, Vice Chairman and Managing Director, Apollo Tyres said that company's Vision 2020 for Europe is to be a premium brand both in terms of size and price. Tyres on or above 16 inch diameter, catering to the top end of the market, is considered as premium tyres."This facility will help us further increase our presence and market share in Europe. From being a replacement market focussed company in Europe, we would soon be starting supplies of our tyres to all the leading OEs in Europe including Volkswagen and Mercedes-Benz," said Kanwar.The company has already started discussion with OEMs and has turned on a satellite R&D division in Frankfurt which only caters to the OEMs in Europe.Company's expects its ...

Apollo takes cue from Maruti in top slot fight

Aiming to wrest market share from its peers, Apollo has stepped up product launches and investments

Indian-American jailed for $1 mn insider trading scheme

A jury had found the real estate entrepreneur guilty of securities fraud and conspiracy