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Apollo Tyres launches range for growing LCV segment

According to LMC figures, Europe’s light commercial vehicle market is growing 35 per cent faster than the passenger car market, and these vehicles now account for 11 per cent of the region’s vehicle parc. This growth is to a large extent being driven by a strong rise in parcel deliveries, and Apollo Tyres believes that the 21 million light commercial vehicle tyres currently sold in Europe annually will increase to 25 million tyres per year by the end of 2020.

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  1. Apollo Tyres building UK dealer network at ‘iconic venue’ events
  2. Apollo launches Alnac 4G all season and winter tyres
  3. Exclusively online & direct from manufacturer: European launch for Apollo TBR tyre range
  4. Apollo Tyres opens €475 million greenfield Hungarian plant
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Just 10% of Thai cars drive on wrong tyre pressures

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Data from the recently concluded Safe Drive Campaign, conducted by Apollo Tyres in two locations in Thailand, revealed that less than 10 per cent vehicles being driven around in the country had incorrect inflation pressure. Of this 10 per cent, most were found driving with under-inflated tyres.

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  1. Handle the Pressure with Richbrook
  2. Apollo Registers Tyre Pressure Safety Concerns on Indian Market
  3. Cornwall shoppers provided with tyre checks
  4. Apollo opens ASEAN hub in Thailand
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Apollo Tyres annual net profit up 12 per cent, but European sales slide

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On the occasion of publishing its full-year 2015/2016 financials, Apollo Tyres has reported sales of 117 billion rupees (£1.214 billion; 1.537 billion euros; US$1.757 billion) compared with 127.256 billion rupees in 2014/2015. During the same period (2015/2016) operating profit grew 3 per cent to close at 20.4 billion rupees, up from 19.8 billion rupees. Net profit increased 12 per cent to 10.9 billion from 9.8 billion rupees the year before.

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Related news:

  1. Apollo Tyres looking for ‘healthy topline growth’ after 22% sales increase in FY 2017-18
  2. Apollo Europe profits fall sharply in Q2
  3. Apollo Tyres: Raw material prices drags profit down 72%
  4. Apollo Tyres lays foundation stone for 7th factory
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Apollo wins Global Green Future Leadership Award 2016

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Apollo Tyres was recently awarded the Global Green Future Leadership Award 2016 by World CSR Congress. The company received this award under the Best Waste Management category for its Clean My Transport Nagar (CMTN) initiative in the trans-shipment hubs across the country. Starting with Sanjay Gandhi Transport Nagar in Delhi, in 2012, the company’s CMTN initiative is currently running in the trans-shipment hubs of Agra, Jaipur, Jodhpur, Kanpur and Mumbai, in addition to Delhi.

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  1. Apollo Tyres one of ‘best workplaces in manufacturing’
  2. Pirelli recognised as Climate Change leader
  3. Bridgestone a treble Honda environmental awardee
  4. Versalis, Genomatica win TTI Award for renewable butadiene JV
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Apollo Tyres enters two-wheeler tyre segment with range for India

The market for motorcycle and scooter tyres in India is massive – around 120 million two-wheeled vehicles ply the country’s roads. To supply this large and growing market – the two-wheeler segment is said to be increasing at 8.5 per cent CAGR – and in response to its requests from its partners, Apollo Tyres has introduced the company’s first-ever products for this segment. The new Acti line-up covers around 85 per cent of replacement market demand for two-wheeler tyres in India.

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Related news:

  1. Michelin, TVS Srichakra setting up motorcycle, scooter tyre production unit in India
  2. Apollo Tyres opens second Global R&D Centre
  3. Apollo Tyres lays foundation stone for 7th factory
  4. Apollo Tyres’ management takes coronavirus pay cut
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Apollo Tyres maintains turnover, increases profits

In the three months to 31 December 2015 – the third quarter of its 2015-16 financial year – Apollo Tyres achieved sales of Rs 29.29 billion (£298.0 million), 3.7 per cent less than a year earlier. Third quarter EBITDA stood at Rs 5.12 billion (£52.1 million), up 2.0 per cent year-on-year, while net profit rose 51.6 per cent to at Rs 2.79 billion (£28.4 million).

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Related news:

  1. Apollo Tyres looking for ‘healthy topline growth’ after 22% sales increase in FY 2017-18
  2. Apollo Tyres: Stable sales in Europe, but profits further in the red
  3. Apollo Tyres lifts profit margin to 18.7% in April-June quarter
  4. Apollo Tyres maintains revenues, increases profits
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Francesco Gori now an Apollo Tyres director

At its Board of Directors meeting on 9 February, Apollo Tyres Ltd confirmed the appointment of Francesco Gori as an additional, non-independent company director. Mr Gori, who served as chief executive officer of Pirelli Tyre between 2006 and 2012, joined Apollo Tyres as advisor for strategy in October 2015. Vinod Rai, the former comptroller and auditor general of India, was also appointed an additional, independent director of Apollo Tyres during the meeting, and approval was given for a change in Robert Steinmetz’s directorship status.

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  1. Francesco Gori appointed as Apollo Tyres advisor for strategy
  2. Francesco Gori appointed non-exec chairman of Benetton
  3. Apollo Tyres appoints Daniele Lorenzetti its new CTO
  4. Apollo Tyres’ management takes coronavirus pay cut
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Apollo to manufacture motorcycle tyres?

Apollo Tyres is reportedly looking to enter the motorcycle tyre business in the first half of 2016. Indian automotive website ZigWheels writes that its sources suggest Apollo will focus on tyres for motorcycles with a 300cc and larger displacement.

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Related news:

  1. Apollo aims for leadership in Indian two-wheel tyre market, Europe next
  2. Apollo a Man U regional partner
  3. Apollo Tyres lays foundation stone for 7th factory
  4. Lockdown stops tyre production in India
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Apollo’s acquisition of reifen.com a ‘sound strategic extension of the value chain’

Apollo Tyres’ takeover of reifencom GmbH, operator of e-commerce sites in six European countries, has been described as part of the company’s strategy to expand its retail network in the European market. Apollo said its takeover will allow it to support the expansion activities of its subsidiary Apollo Vredestein, which include major investments in the European premium brand Vredestein. The company stated that it has major plans for growth via an expansion of its original equipment activities – the groundwork for which is being laid via the current construction of a new plant in Hungary.

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Related news:

  1. Apollo Tyres buys Germany’s reifen.com
  2. Apollo Tyres opens €475 million greenfield Hungarian plant
  3. Maloya returns – but only in Germany for now
  4. Ex-Continental man to head Apollo Tyres’ European & American operations
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Apollo Tyres buys Germany’s reifen.com

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Apollo Tyres Ltd has announced its acquisition of tyre wholesaler and online retailer Reifen.com GmbH. The German company changed hands for €45.6 million and, according to Neeraj Kanwar, vice-chairman and managing director of Apollo Tyres, the purchase of Reifen.com represents a “strategic fit in further growing our European business.

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Related news:

  1. Apollo’s acquisition of reifen.com a ‘sound strategic extension of the value chain’
  2. Apollo Tyres opens €475 million greenfield Hungarian plant
  3. Francesco Gori appointed as Apollo Tyres advisor for strategy
  4. Leading marques considering Apollo as an OE supply partner
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3 tyres rated ‘exemplary’ in Auto Bild’s winter tyre test

Having reduced a field of 51 to 19, Auto Bild announced that three of the winter tyres tested had made it all the way to the top of the German magazine’s rankings, picking up “exemplary” ratings. Continental’s WinterContact TS 850, Pirelli’s Winter Snowcontrol Serie 3, and the Barum Polaris 3 were the best performers, according to Auto Bild’s testers, who ranked the tyres based on their performance on snowy, wet and dry roads and their cost. The tests were performed on a VW Polo, with the tyres sized 185/60R15 T.

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Related news:

  1. 19 finalists chosen for 2015 AutoBild winter tyre test
  2. Michelin the number one consumer researched tyre brand: Tyre Reviews
  3. Conti seals hat-trick in Auto Express winter tyre test reflecting British climate
  4. Bridgestone’s Blizzak LM005 wins Auto Express winter tyre test
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Apollo Europe profits fall sharply in Q2

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Apollo Tyres reports that sales fell in the second quarter – the Apollo Tyres-fiscal year runs from April 2015 to March 2016 – by 10.5 per cent to 29.8 billion rupees (417 million euros). Meanwhile, operating profits of 70 million euros represent a decline of just 2.3 per cent at 5 billion rupees. Net income, however, rose 8.1 per cent to 2.8 billion rupees (39 million euros).

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Related news:

  1. Stirred up for growth – Apollo Vredestein prepares for a greater European presence with new tandem mixer
  2. Apollo Tyres annual net profit up 12 per cent, but European sales slide
  3. Despite positive H1 results, Apollo wary of slowing growth
  4. Second Apollo R&D centre opens
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Francesco Gori appointed as Apollo Tyres advisor for strategy

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Apollo Tyres has appointed former Pirelli CEO Francesco Gori as its new advisor for strategy. Part of Apollo Tyres’ management board, Gori will support the company in its goal of international growth, identification and development of new opportunities.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Apollo Tyres buys Germany’s reifen.com
  2. Apollo Tyres opens €475 million greenfield Hungarian plant
  3. Francesco Gori now an Apollo Tyres director
  4. Top tyre manufacturers deny involvement in tyre test manipulation
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Apollo inaugurates first Apollo Zone in Lebanon

Apollo Tyres has opened its first branded retail outlet in Lebanon. Branded as Apollo Zone, this outlet is designed to provide customers with an enhanced retail experience and a better feel for the brand and products on display, including passenger car, truck-bus and agriculture tyres. This Apollo Zone is located in the Beqaa Governorate of Lebanon, which is the main road connecting Lebanon to Syria. The Apollo Zone has been opened in association with Saka Trading Co, one of the Lebanon’s oldest and respected wholesalers and retailers of tyres, batteries and car accessories.

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Related news:

  1. Kuwait home to first Apollo Zone
  2. Apollo entering Qatar tyre market
  3. Apollo Tyres opens first truck tyre centre in Thailand
  4. Apollo Tyres enters Saudi Arabia tyre market
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19 finalists chosen for 2015 AutoBild winter tyre test

In its annual winter tyre performance survey, German motoring publication AutoBild narrows a wide field of 49 winter tyres and two all-season tyres with wet and snow braking measurements before conducting a full test of a range of characteristics. 19 tyres made it through to the 2015/16 season test, conducted using the tyre size 185/60 R15.

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Related news:

  1. 3 tyres rated ‘exemplary’ in Auto Bild’s winter tyre test
  2. Michelin the number one consumer researched tyre brand: Tyre Reviews
  3. Ten performance tyres tested
  4. Bridgestone’s Blizzak LM005 wins Auto Express winter tyre test
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