Tyre sales were slow in the first half of FY26 but we are hopeful of a better second half on the back of GST rate cuts
Top tyre make Apollo Tyres which has set a revenue goal of $5bn by FY 26 is betting big on tech and digital initiatives going ahead. It has unveiled its new business model 'Avolve" aimed at improving the operational efficiencies of its customers in the key commercial vehicle segment. Moneycontrol's Ashwin Mohan caught up for a free -wheeling with Neeraj Kanwar, the VC and MD of Apollo Tyres on the sidelines of the 'Avolve ' launch in Budapest, Hungary. Kanwar spoke about the big digital push , the firm's stellar Q4 performance , outlook on auto sales and rubber prices, m&a strategy and the role of Gen Next...Listen In...
The Indian tyre major, which has entered into mobility services business with the launch of its new venture 'AVOLVE' offering digitised tyre management services for commercial vehicles, sees contribution from exports to increase to 45 per cent of its global revenue by 2025-26 by when it expects to clock USD 5 billion.
Watch the interview of Neeraj Kanwar of Apollo Tyres to CNBC-TV18’s Ronojoy Banerjee where he spoke about imposing anti-dumping duty on tyres.
Apollo Tyres has a similar Global Research and Development Centre in the Netherlands operational since 2013.
Apollo Tyres today said it has appointed Daniele Lorenzetti as the company's Chief Technology Officer (CTO).
Three years since a failed attempt to enter the US market through a USD-2.5-billion merger with Cooper Tire & Rubber Co, Apollo Tyres‘ Managing Director Neeraj Kanwar has charted out a fresh plan to set foot in the world‘s biggest tyre market, an article in Mint says.
Neeraj Kanwar, Vice Chairman and Managing Director, Apollo Tyres, says the company is targeting a capacity of around Rs 1,20,000 tyres per month in next three to six months.
The company, which announced its foray into the two-wheeler market, will start rolling out tyres from its upcoming plant in Hungary by January 2017.
Neeraj Kanwar, MD of Apollo Tyres, says the company is focussing on 'all-season' tyres, which he expects will aid volumes and boost market share
While Apollo Tyres will take a loan of about USD 450 million on its books, the remaining USD 2.1 billion will be combined debt that will be in the books of Cooper and Vredestein that they have acquired.
As part of its strategy to rejig its global ops the country‘s largest tyre maker Apollo Tyres said today that it would be setting up a new marketing office in London. The proposed office will be the coordinating arm of its international biz that spans across 50 countries today.
Apollo Tyres will be investing USD one billion (about Rs 5,545 crore) in the next five years to expand its global footprint, which will include setting up two new plants in South East Asia and Eastern Europe.
Neeraj Kanwar, the managing director of Apollo Tyres told CNBC-TV18 that their margins were impacted due to high raw material and interest costs.
Tyre maker, Apollo Tyres expects to clock better margins in the Q3 quarter than seen earlier. Neeraj Kanwar, vice chairman and managing director of Apollo Tyres in an interview to CNBC-TV18 said that the company will post better profit margins in Q3, but its bottomline and margins are still under pressure.
Apollo Tyres has reported 4% growth in net profit year-on-year of Rs 77.128 crore for the quarter ended June 30, 2011, slightly lower than street expectations.
Apollo Tyres shares, which were quoting around Rs 70 at the start of this calendar, plunged to a 52-week low of Rs 44.05 in the first week of February, caught between a falling market and a sharp rise in prices of rubber—the key raw material for tyres.
In an interview with CNBC-TV18, Neeraj Kanwar, MD of Apollo Tyres gave his perspective on the quarter gone by and the road ahead.
The father and son duo of Onkar and Neeraj Kanwar are staking their firm’s future in Europe, the grazing ground of the biggest global brands.