Apollo Tyres
 |
|
| Public company | |
| Traded as | : APOLLOTYRE : |
| Industry | Tyres |
| Founded | 1972 |
| Headquarters | Gurgaon, Haryana, India |
|
Key people
|
Onkar Kanwar (Chairman, MD & CEO) Neeraj Kanwar (Vice-Chairman & MD) |
| Revenue | ₹117.1 billion (US$1.7 billion) |
|
Number of employees
|
16000 |
| Website | http://www.apollotyres.com |
Apollo Tyres Ltd is the world's 17th biggest tyre manufacturer, with annual consolidated revenues of Rs 117.1 billion (US$1.8 billion) in March 2016. It was founded in 1972. Its first plant was commissioned in Perambra, Thrissur, Kerala, India. The company now has four manufacturing units in India, and 1 in Netherlands. It has a network of nearly 5,000 dealerships in India, of which over 2,500 are exclusive outlets.
It gets 69% of its revenues from India, 26% from Europe and 5% from other geographies.
Apollo announced its entry into the two-wheeler tyre segment with contract manufacturing in March 2016.
Apollo Tyres currently sells Apollo and Vredestein branded tyres in Europe. The company currently operates one tyre factory in Europe, in the Netherlands, and is building a second factory in Hungary. This second production facility in Europe will begin production in early 2017.
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Wikipedia