Apollo Tyres unit shut down

A lock-out was declared at Apollo Tyres’ facility in Kerala on August 16, reportedly due to a lack of production and strike action from a portion of the workforce. According to a company spokesman, the lock out began in the morning. The factory had recently undergone a £1.86 million overhaul to increase capacity from 280 to 318 tonnes, however the strike meant that the company could not implement an increase to the new full capacity.