The company is the leader in the Indian TBR space with a market share of 35% in the OEM segment
Here's how Apollo Tyres plans to crack the two-wheeler market
Apollo Tyres is planning to set-up a new manufacturing facility to manufacture tyres for two-wheeler and pick-up vehicles
The facility at Gyongyoshalasz will start production early next year and it will produce tyres to cater to the entire European market
The present issue is for allotment of 3,000 NCDs of face value of Rs 10,00,000 each aggregating to Rs 300 crore
The products are designed and developed at the company's Global R&D Centre in Chennai
To set up new SUV line, launch second brand in TBR segment and expand agri offerings
Euro 200 million to be spent on Hungary unit in 2016-17
Apollo Tyres entry into two-wheeler segment continues to work well and has provided us opportunities for new distribution network in the rural areas
Higher volumes and lower raw material costs help company beat estimates in June quarter
Kanwar said that domestic tyre manufacturers are facing "big challenges" from cheap imports from China, which has now accounted for up to 35 per cent of the market in India
Company is doubling its capacity in its key segment
Net sales during the period under review stood at Rs 3,284.72 crore
Apollo Tyres shares today ended at Rs 151.45 apiece on the BSE, down 0.33% from its previous close
Bigger blip was 36 basis points yearly decline in operating margins at 16%
However, the FY16 profit rose 12% to Rs 1,093 cr
India's second largest tyre maker's difficulty in finding staff for a 500 mn euro factory reflects a wider problem for foreign investors in Hungary
Apollo Tyres has forayed into the two-wheeler segment to become a full-range maker
Aims to cater to 85% of two-wheeler tyre market; will introduce radial tyres for bikes with higher engine capacity
It will start rolling out tyres from its upcoming plant in Hungary by January 2017