Apollo Tyres Limited. Description

Apollo Tyres Ltd was established in the year 1972 and has its headquarters at Gurgaon. The company manufactures and sells automotive tires, tubes and flaps across the country and internationally. The company has been listed as the world's 17th biggest tyre manufacturer. Apollo currently has four manufacturing units in India, one in Netherlands and one in Hungary. They have managed to pull a network of approximately 5000 dealerships in the country out of which more than 2500 are exclusive outlets. In the year 2016, the company announced its entrance into two wheeler tyre segment with contract manufacturing. The company supplies Apollo and Vredestein branded tyres in Europe. The company has over 16000 employees with a revenue of approx. Rs 140.53 billion. They get 69% of the revenues from India, 26% from Europe and 5% from the rest of the countries. The variety of products in their portfolio includes sports utility vehicle, passenger car, multi utility vehicle, light truck, bicycle, two wheeler, and off highway tires. The company serves its products under the brands Apollo, Kaizen, Regal and Vredestein. The company traded in India on the Bombay Stock Exchange and National Stock Exchange, with around 56% of shares that are held by the public, government entities, banks and financial institutions. Apollo Tyres was initially established as a single brand enterprise. But over the past years, the organization grew and spread across geographies. So, several brands joined and some were born into the fold. The company basically focuses on two key brands: Apollo and Vredestein. Each of the brand is equipped with its distinctive visual language and is served to a specific customer base. This has enabled the company to provide a wide range of products for various applications, across the globe that leaves their customers delighted. Apollo tyres are manufactured in India and Europe. Apollo Tyres believe in giving their customers new choices that put them in control.