News

Apollo introduces Vredestein brand to India

Apollo Tyres Ltd. has introduced its premium European brand, Vredestein, to India in sizes ranging from 15 to 20 inches. The Vredestein brand primarily caters to luxury coupes, premium luxury sedans and SUVs, with speeds up to 240 to 300 kph (149 mph to 186 mph).

News

Apollo closes African deal with Sumitomo

Apollo Tyres Ltd. has completed the sale of some assets in Africa to Sumitomo Rubber Industries (SRI) for $60 million. The deal allows SRI to acquire Apollo Tyres South Africa (ATSA), including the Ladysmith passenger car tyre plant, and the Dunlop brand rights that Apollo had in 32 countries of Africa.

News

Apollo ups net profit and sales in 2Q

Apollo Tyres Ltd. posted net income of 2.2 billion rupees on net sales of 34.3 billion rupees for its second quarter ended Sept. 30, 2013. That compares to income of 1.5 billion rupees on sales of 33.7 billion rupees for the same period last year.

News

Apollo chairman: 1% growth in the U.S. tire market means a new plant a year

Apollo Tyres Ltd. Chairman Onkar S Kanwar told shareholders at the company’s 40th annual general meeting in Kochi, India, the company will have equal exposure to the developed and profitable markets as well as the emerging high growth markets. Apollo is set to acquire Findlay, Ohio-based Cooper Tire & Rubber Company, a deal expected to close in October.

News

Apollo posts 1Q jump in earnings and sales

Apollo Tyres Ltd. posted net income of more than 1.6 billion rupees on net sales of 31.9 billion rupees for the first quarter of its fiscal 2014 ended June 30, 2013. That compares to income of 1.4 billion rupees on sales of 31.6 billion rupees for the same period last year.

News

Apollo ups income and sales despite 4Q

Apollo Tyres Ltd posted net income of 6.1 billion rupees on net sales of 127.9 billion rupees for its fiscal year ended March 31, 2013. That compares to income of 4.1 billion rupees on sales of 121.5 billion rupees for its previous fiscal year.

News

Sales are up, profits are down for Apollo

Apollo Tyres Ltd. posted net income of 4.1 billion rupees on net sales of 121.5 billion rupees for its fiscal year ended March 31, 2012. That compares to income of 4.4 billion rupees on sales of more than 88.6 billion rupees for its previous fiscal year.

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