Apollo Tyres News
COVID-19 Impact: TVS Motor Company cuts staff salaries by up to 20% for six months as sales plummet
TVS Motor Company has decided to reduce salaries at executive level, barring entry-level workmen, from May till October this year.
Auto stocks slump nearly 12% as lockdown-hit automakers score nil domestic sales in April; Index drops over 6%
Auto stocks on Monday plunged nearly 12 percent after top carmakers, including Maruti Suzuki reported zero monthly domestic sales for the first time ever in April after the nationwide lockdown halted output and shut sales network
How Fed rate cut will affect India, divestment policy should look beyond revenue collection; all this and more on Moneycontrol Pro
The Fed indicated that the US economy is largely stable. Thus, a global growth slowdown & trade uncertainty largely explain the cut.
Tough time ahead for steel producers, equity markets continue to remain under pressure; all this and more on Moneycontrol Pro
In the near term, China’s steel production cuts that are targeted at reducing pollution could influence output trends, and therefore prices.
Auto stocks tumble up to 9% as sales in India see sharpest fall in 19 years in July
Auto stocks tumbled up to 9 percent on Tuesday after industry body SIAM reported that automobile sales in India witnessed sharpest decline in nearly 19 years in July, dropping 18.71 percent, rendering almost 15,000 workers jobless over the past two-three months
Auto stocks see massive selling, tank up to 6.5% on proposal to hike registration fees for old, new vehicles
Auto stocks tumbled up to 6.5 percent on Monday as investor sentiment were hit after decision to reduce tax rate on electric vehicles and proposal to hike registration fees for old and new vehicles
Apollo Tyres ropes in Sachin Tendulkar as brand ambassador of the company for five years
"Building the Apollo brand to its true potential is key to our growth. By securing Sachin Tendulkar's association with our brand, we have embarked on an exciting journey together. I am sure this partnership will help us go the distance," Apollo Tyres Vice Chairman and Managing Director Neeraj Kanwar said in a statement.
Kerala floods: Apollo Tyres says production at Perambra and Kalamassery plants near normalcy
Apollo Tyres, which had earlier informed of disruption of operations at Perambra and Kalamassery plants in the state, said there was production loss of 3,000 metric tonne due to the natural calamity.
Apollo Tyres's Q1 net surges nearly three-fold to Rs 252 crore on robust sales in India and Europe
Net sales stood at Rs 4,249.39 crore during the April-June period as compared with Rs 3,512.98 crore in the same period of 2017-18, Apollo Tyres said
Certain Chinese tyres may be slapped anti-dumping duty ranging $277.53-452.33/t
Domestic companies have suffered material injury due to the dumped imports of these tyres from China.
Apollo Tyres to infuse 475 mn euro to set up Europe's largest greenfield plant in Hungary
The Hungarian facility will be a state-of-the-art plant and once completed it will have a capacity to produce 5.5 million (55 lakh) passenger car and light truck (PCLT) tyres and 6,75,000 heavy commercial vehicle (HCV) tyres per annum.
Apollo Tyres to pump in Rs 3,000 cr for tyre capacity expansion
Apollo Tyres chairman Onkar Kanwar said domestic tyre manufacturers are facing "big challenges" from cheap imports from China, which has now accounted for up to 35% of the market in India
Apollo Tyres sets up office in Malaysia
The manufacturer aims to procure a larger share in the Malaysian replacement tyre market
Firstpost Ground Report: Tyre mafia may be punished for its greed, but will it help the rubber farmers?
By keeping the tyre prices high, the companies do not cause any direct harm to the rubber farmers. But by importing rubber in devious ways, they can.
Panama Papers: Here's what DLF, Apollo Tyres, IndiaBulls have to say about allegations
All the companies have denied any wrong doing
Steven Smidlein appointed as senior VP of Apollo Tyres North America
In his new role, Smidlein will be responsible for building the brand sales for Apollo and Vredestein in North America
Apollo Tyres enter the two-wheeler market in India
Apollo currently targets 2.2 lakh units of tyres in monthly production initially
Apollo Tyres to roll out around Rs 4,000 cr capacity expansion plans on two plants in FY17
The company, which today announced its foray into the two-wheeler market, will start rolling out tyres from its upcoming plant in Hungary by January 2017
Apollo Tyres strengthens European biz by acquiring Germany's Reifencom for Rs 301 cr
Acquisition to improve its mix of distribution channels in Germany and Europe
Earnings: Apollo Tyres Q3 net declines 45% to Rs 184 cr
Apollo Tyres today posted a 45.49 percent decline in its consolidated net profit at Rs 184.24 crore for the third quarter ended December 31, hit by provisions made for the rescue plan of its South African unit.