Apollo Tyres

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.