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{{short description|Indian tyre manufacturing company}}
{{short description|Indian tyre manufacturing company}}
{{Use dmy dates|date=October 2018}}
{{Use dmy dates|date=October 2018}}
{{Use Indian English|date=July 2016}}
{{Use Indian English|date=July 2016}}
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{{Infobox company
{{Infobox company
| name = Apollo Tyres Limited
| name = Apollo Tyres Limited
[[File:Apollo Tyres Ltd & A Lock up stacked Black RGB L.png|thumb]]
| logo = Apollo Tyres Ltd.png
| logo_size = 250px
| logo_size = 250px
| logo_alt =  
| logo_alt =  
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NSE|APOLLOTYRE}}|{{BSE|500877}}}}
| traded_as = {{ubl|{{NSE|APOLLOTYRE}}|{{BSE|500877}}}}
| ISIN = INE438A01022
| ISIN = {{ISIN|sl=n|pl=y|INE438A01022}}
| industry = [[Tyres]]
| industry = [[Tyres]]
| foundation = 1972<ref name="apollotyres.com">{{cite web|url=http://www.apollotyres.com/downloads/atl-corporate-presentation.pdf |title=Archived copy |access-date=17 December 2010 |url-status=dead |archive-url=https://web.archive.org/web/20101119193726/http://apollotyres.com/downloads/atl-corporate-presentation.pdf |archive-date=19 November 2010  }}</ref>
| foundation = {{Start date and age|1972||}}<ref name="apollotyres.com">{{cite web|url=http://www.apollotyres.com/downloads/atl-corporate-presentation.pdf |title=Archived copy |access-date=17 December 2010 |url-status=dead |archive-url=https://web.archive.org/web/20101119193726/http://apollotyres.com/downloads/atl-corporate-presentation.pdf |archive-date=19 November 2010  }}</ref>
| location = [[Gurugram]], [[Haryana]], [[India]]<ref name="in.com">{{cite web|url=http://business.in.com/article/boardroom/apollos-play-in-europe/21562/1|archive-url=https://web.archive.org/web/20110122213618/http://business.in.com/article/boardroom/apollos-play-in-europe/21562/1|url-status=dead|archive-date=2011-01-22|title=Forbes India Magazine - Apollo's Play in Europe}}</ref>
| location = {{Unbulleted_list|[[Gurgaon|Gurugram]], [[Haryana]], India (Corporate)|[[Kochi]], [[Kerala]], India (Registered) <ref name="in.com">{{cite web|url=http://business.in.com/article/boardroom/apollos-play-in-europe/21562/1|archive-url=https://web.archive.org/web/20110122213618/http://business.in.com/article/boardroom/apollos-play-in-europe/21562/1|url-status=dead|archive-date=2011-01-22|title=Forbes India Magazine - Apollo's Play in Europe}}</ref>}}
| key_people = [[Onkar Kanwar]] (Chairman and MD)<br />[[Neeraj Kanwar]] (Vice Chairman & MD)
| key_people = {{Unbulleted_list|[[Onkar Kanwar]]<br>{{small|(Chairman)}}|[[Neeraj Kanwar]]<br>{{small|(Vice Chairman & MD)}}}}
| revenue = {{Decrease}} {{INRConvert|16373.87|c}} <ref name=pnl>{{Cite web|title=Apollo Tyres Consolidated Profit & Loss account, Apollo Tyres Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/apollotyres/consolidated-profit-lossVI/at14|access-date=2020-08-29|website=www.moneycontrol.com|language=en}}</ref>
| revenue = {{Increase}} {{INRConvert|26211|c}} <ref name=pnl>{{Cite web|title=Apollo Tyres Consolidated Profit & Loss account, Apollo Tyres Financial Statement & Accounts|url=https://www.bseindia.com/xml-data/corpfiling/AttachLive//12e4c619-3c64-4209-ac37-0e776cfe9f0f.pdf|access-date=2024-05-14|website=www.bseindia.com|language=en}}</ref>
| revenue_year = 2020
| revenue_year = 2025
| operating_income = {{Decrease}} {{INRConvert|543.44|c}} <ref name=pnl/>
| operating_income = {{down}} {{INRConvert|1714|c}} <ref name=pnl/>
| income_year = 2020
| income_year = 2025
| net_income = {{Decrease}} {{INRConvert|476.40|c}} <ref name=pnl/>
| net_income = {{Decrease}} {{INRConvert|1121|c}} <ref name=pnl/>
| net_income_year = 2020
| net_income_year = 2025
| assets = {{Increase}} {{INRConvert|23249.99|c}} <ref name=bs>{{Cite web|title=Apollo Tyres Consolidated Balance Sheet, Apollo Tyres Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/apollotyres/consolidated-balance-sheetVI/at14|access-date=2020-08-29|website=www.moneycontrol.com|language=en}}</ref>
| assets = {{Increase}} {{INRConvert|27306|c}} <ref name=bs>{{Cite web|title=Apollo Tyres FY25 Annual Report |url=https://corporate.apollotyres.com/content/dam/orbit/apollo-corporate/investors/financial-reporting/annual-report/2024-25/AGM%20Notice%20and%20Annual%20Report%20FY2025.pdf|access-date=2024-05-14|website=www.corporate.apollotyres.com|language=en}}</ref>
| assets_year = 2020
| assets_year = 2025
| equity = {{Decrease}} {{INRConvert|9930.01|c}} <ref name=bs/>
| equity = {{Increase}} {{INRConvert|14765|c}} <ref name=bs/>
| equity_year = 2020
| equity_year = 2025
| num_employees = 16,000
| num_employees = 17,517 (2025)
| homepage = {{URL|https://apollotyres.com/|apollotyres.com}}
| homepage = {{URL|https://apollotyres.com/}}
}}
}}
'''Apollo Tyres Limited''' is an [[India|Indian Multinational]] tyre manufacturing company headquartered in [[Gurgaon|Gurugram]], [[Haryana]]. It was incorporated in 1972, and its first plant was commissioned in [[Perambra -Thrissur|Perambra]] in  [[Thrissur district]], [[Kerala]] ([[India]]). The company now has five manufacturing units in India, one in Netherlands<ref>{{cite web |url=http://www.thehindubusinessline.com/2010/06/01/stories/2010060151830500.htm |title=Apollo tyres roll into Europe today |publisher=[[The Hindu Business Line]] |date=1 June 2010 |access-date=17 September 2014}}</ref> and one in Hungary.<ref name="www.autocarpro.in">{{Cite news|url=http://www.autocarpro.in/news-national/apollo-tyres-expands-global-footprint-inaugurates-hungarian-plant-24279|title=Apollo Tyres expands global footprint, inaugurates Hungarian plant|work=www.autocarpro.in|access-date=8 May 2017}}</ref> It has a network of nearly 5,000 dealerships in India, of which over 2,500 are exclusive outlets.
'''Apollo Tyres Limited''' is an Indian multinational tyre manufacturing company headquartered in [[Gurgaon|Gurugram]], [[Haryana]]. It was incorporated in 1972, and its first plant was commissioned in [[Perambra, Thrissur|Perambra]], [[Kerala]]. The company now has five manufacturing units in [[India]], one in the [[Netherlands]]<ref>{{cite web |url=http://www.thehindubusinessline.com/2010/06/01/stories/2010060151830500.htm |title=Apollo tyres roll into Europe today |publisher=[[The Hindu Business Line]] |date=1 June 2010 |access-date=17 September 2014}}</ref> and one in [[Hungary]].<ref name="www.autocarpro.in">{{Cite news|url=http://www.autocarpro.in/news-national/apollo-tyres-expands-global-footprint-inaugurates-hungarian-plant-24279|title=Apollo Tyres expands global footprint, inaugurates Hungarian plant|work=www.autocarpro.in|access-date=8 May 2017}}</ref> As of 2024, the company generates 87% of its revenues from India, 11% from [[Europe]] and 2% from other countries.<ref>{{cite web|url=http://www.apollotyres.com/uploads/annual-report-for-the-financial-year-2015-16/index.html|title=Annual Report for the Financial Year 2015-2016|publisher=Apollo Tyres|url-status=dead|archive-url=https://web.archive.org/web/20160927032835/http://www.apollotyres.com/uploads/annual-report-for-the-financial-year-2015-16/index.html|archive-date=27 September 2016}}</ref><ref>{{Cite web|url=http://epaperbeta.timesofindia.com/index.aspx?EID=31818&dt=20160604|title=Widgets Magazine|website=epaperbeta.timesofindia.com|access-date=10 June 2016|archive-url=https://web.archive.org/web/20160605082210/http://epaperbeta.timesofindia.com/index.aspx?eid=31818&dt=20160604|archive-date=5 June 2016|url-status=dead}}</ref>


The company generates 69% of its revenues from India, 26% from Europe and 5% from other countries.<ref>{{cite web|url=http://www.apollotyres.com/uploads/annual-report-for-the-financial-year-2015-16/index.html|title=Annual Report for the Financial Year 2015-2016|publisher=Apollo Tyres|url-status=dead|archive-url=https://web.archive.org/web/20160927032835/http://www.apollotyres.com/uploads/annual-report-for-the-financial-year-2015-16/index.html|archive-date=27 September 2016}}</ref>
== History ==
Apollo Tyres Limited was incorporated on 28 September 1972 in India as a public limited company and obtained certificate of Commencement of Business on 24 October 1972.<ref>{{Cite news|url=https://www.business-standard.com/company/apollo-tyres-23/information/company-history|title=Apollo Tyres Ltd.|work=Business Standard India|access-date=2020-02-25}}</ref>  The company was promoted by Bharat Steel Tubes, Ltd., Raunaq International Pvt. Ltd., Raunaq & Co. Pvt. Ltd., Raunaq Singh, Mathew T. Marattukalam and Jacob Thomas.<ref>{{Cite web|url=https://economictimes.indiatimes.com/apollo-tyres-ltd/infocompanyhistory/companyid-63.cms|title=Apollo Tyres History {{!}} Apollo Tyres Information - The Economic Times|website=economictimes.indiatimes.com|access-date=2020-02-25}}</ref> In 1975, the company made its Initial public offer<ref>{{Cite web |title=Apollo Tyres History {{!}} Apollo Tyres Information |url=https://economictimes.indiatimes.com/apollo-tyres-ltd/infocompanyhistory/companyid-63.cms |access-date=2024-02-09 |website=The Economic Times |language=en}}</ref> of equity shares and its first manufacturing facility was commissioned in [[Perambra, Thrissur|Perambra]] Plant, [[Thrissur]], [[Kerala]], India in 1977,<ref name="apollotyres.com" /> followed by its 2nd plant at Limda, [[Gujarat, India]]<ref name="apollotyres.com" /> in 1991. The company acquired Premier Tyres Limited in 1995, which became its 3rd plant at [[Kochi]], [[Kerala, India]].<ref>{{cite web|url=http://economictimes.indiatimes.com/apollo-tyres-ltd/infocompanyhistory/companyid-63.cms|title=The Economic Times}}</ref> In 2008, it started a new plant at [[Chennai]], [[Tamil Nadu, India]].<ref name="apollotyres.com"/> A year later in 2009, the company acquired the Netherlands-based tyre maker [[Vredestein Banden B.V.]] (VBBV) for an undisclosed sum<ref>[https://www.topnews.in/dutch-tyre-company-vredestein-banden-bv-acquired-apollo-tyres-2168276 Apollo Tyres Acquires Vredestein Banden BV]</ref>


Apollo announced its entry into the two-wheeler tyre segment with contract manufacturing in March 2016.<ref>{{Cite web|url=http://epaperbeta.timesofindia.com/index.aspx?EID=31818&dt=20160604|title=Widgets Magazine|website=epaperbeta.timesofindia.com|access-date=10 June 2016|archive-url=https://web.archive.org/web/20160605082210/http://epaperbeta.timesofindia.com/index.aspx?eid=31818&dt=20160604|archive-date=5 June 2016|url-status=dead}}</ref>
The company focused on the production of truck tyres in India and introduced its first truck tyre, Rajdhani in India.<ref>{{Cite web|url=https://tyre-asia.com/2017/02/22/ambition-drive-based-values/|archive-url=https://web.archive.org/web/20171002185557/http://tyre-asia.com/2017/02/22/ambition-drive-based-values/|url-status=usurped|archive-date=2 October 2017|title=Ambition, drive based on values|date=2017-02-22|website=Tyre Asia|language=en-US|access-date=2020-02-25}}</ref><ref name="in.com"/> The company expanded its operation across India and in 1996, expanded operations outside India by acquiring [[Dunlop Tyres|Dunlop]]'s Africa operations.<ref name="in.com1">{{cite web|url=http://business.in.com/article/boardroom/apollos-play-in-europe/21562/0|archive-url=https://web.archive.org/web/20110129160108/http://business.in.com/article/boardroom/apollos-play-in-europe/21562/0|url-status=dead|archive-date=2011-01-29|title=Forbes India Magazine - Apollo's Play in Europe}}</ref> In 2013, it disposed of the Dunlop brand in Africa along with most of the South African operation in a sale to [[Sumitomo Rubber Industries]] of Japan.<ref>{{cite web|url=http://www.tirereview.com/Article/114083/sumitomo_acquires_assets_of_apollo_tyres_south_africa.aspx|title=Sumitomo Acquires Assets of Apollo Tyres South Africa|work=Tire Review Magazine}}</ref> The very same year, it started its Global R&D Centre, in [[Enschede]], the Netherlands.<ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/apollo-tyres-opens-rd-centre-in-netherlands/article4307572.ece|title=Apollo Tyres opens R&D centre in Netherlands|date=14 January 2013|work=The Hindu Business Line|access-date=17 August 2017|language=en}}</ref>


The company's second plant in Europe, was inaugurated by the [[Prime Minister of Hungary|Hungarian Prime Minister]], [[Viktor Orbán|Viktor Orban]], in April 2017.<ref>{{Cite news|url=http://www.financialexpress.com/industry/hungary-prime-minister-viktor-orban-opens-apollo-tyres-plant-near-budapest/620126/|title=Hungary Prime Minister Viktor Orban opens Apollo Tyres plant near Budapest|date=8 April 2017|work=The Financial Express|access-date=12 June 2017|language=en-US}}</ref><ref>{{Cite news|url=http://www.indianembassy.hu/?p=138983|title=H.E. PM Viktor Orbán inaugurates the Apollo Tyres plant in Gyöngyöshalász|date=7 April 2017|work=Indian Embassy Hungary|access-date=12 June 2017|language=en-US|archive-url=https://web.archive.org/web/20170408030600/http://www.indianembassy.hu/?p=138983|archive-date=8 April 2017|url-status=dead}}</ref><ref>{{Cite news|url=http://www.business-standard.com/content/b2b-plastics-polymers/apollo-tyres-starts-production-from-hungarian-plant-117041000510_1.html|title=Apollo Tyres starts production from Hungarian plant|last=Bureau|first=BS B2B|date=10 April 2017|work=Business Standard India|access-date=12 June 2017}}</ref> Shares of Apollo Tyres Ltd. rose to their highest in little over two years in February, 2021. The stock was trading at Rs 253.10, up Rs 25.80, or 11.35 percent. It has touched a 52-week high of Rs 253.70. It has touched an intraday high of Rs 253.70 and an intraday low of [https://www.moneycontrol.com/news/business/stocks/apollo-tyres-stock-hits-52-week-high-after-2-fold-rise-in-q3-profit-to-rs-444-crore-6446121.html Rs 232.25].
In 2015, Apollo Tyres bought Germany's Reifencom tyre distributor for €45.6 million.<ref>{{Cite web|title = Apollo Tyres may miss 2020 revenue target| work=mint | date=16 November 2015 |url = http://www.livemint.com/Companies/fy2mtFKrVPdJ1i7lcpqQwO/Apollo-Tyres-acquires-Germanys-Reifencom-for-456-million.html|access-date = 14 December 2015 | last1=Mohile | first1=Shally Seth }}</ref> It shifted its corporate office for Europe region to Amsterdam from Enschede, the Netherlands<ref>{{Cite news|url=http://www.tyrepress.com/2016/05/apollo-vredestein-management-now-based-in-amsterdam/|title=Apollo Vredestein management now based in Amsterdam|date=20 May 2016|work=Tyrepress|access-date=17 August 2017|language=en-US}}</ref> and opened a Global R&D Centre, Asia in [[Chennai]], India a few months later.<ref>{{Cite web|url=http://auto.economictimes.indiatimes.com/news/tyres/apollo-tyres-opens-its-global-rd-centre-asia-in-chennai/55337917|title=Apollo Tyres opens its Global R&D Centre, Asia in Chennai|website=ETAuto.com|language=en|access-date=17 August 2017}}</ref>


== History ==
In 2016, the company signed an MoU with the Government of Andhra Pradesh to set up a new factory in the state.<ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/apollo-tyres-plans-500cr-factory-in-andhra-pradesh/article9325043.ece|title=Apollo Tyres plans ₹500-cr factory in Andhra Pradesh|date=9 November 2016|work=The Hindu Business Line|access-date=17 August 2017|language=en}}</ref> On 9 January 2018, the [[List of chief ministers of Andhra Pradesh|Chief Minister of Andhra Pradesh]], [[N. Chandrababu Naidu|N Chandrababu Naidu]] laid the foundation stone for Apollo Tyres' ₹1,800-crore tyre factory in [[Andhra Pradesh]]. The plant will come up over a 200-[[acre]] site in Chinnapanduru village near [[Sri City]] in [[Tirupati district]] and produce passenger car radial (PCR) tyres with an initial capacity of 55 [[lakh]] (5.5 million) tyres per year and also truck bus radial (TBR) tyres and will serve both domestic and export markets.<ref>{{Cite news|last=Mukherjee|first=Sharmistha|url=https://economictimes.indiatimes.com/industry/auto/tyres/apollo-tyres-to-invest-rs-1800-crore-in-first-phase-in-andhra-pradesh/articleshow/62429224.cms|title=Apollo Tyres to invest Rs 1800 crore in first phase in Andhra Pradesh|date=2018-01-09|work=The Economic Times|access-date=2020-02-25}}</ref><ref>{{Cite web|url=https://www.thehindubusinessline.com/news/national/apollo-tyres-to-invest-1800-cr-in-andhra-pradesh-factory/article10022453.ece|title=Apollo Tyres to invest ₹1,800 cr in Andhra Pradesh factory|last=Balachandar|first=G.|website=@businessline|date=9 January 2018 |language=en|access-date=2020-02-25}}</ref>
Apollo Tyres Ltd. was incorporated on 28 September 1972 as a Public Limited Company and obtained certificate of Commencement of Business on 24 October 1972.<ref>{{Cite news|url=https://www.business-standard.com/company/apollo-tyres-23/information/company-history|title=Apollo Tyres Ltd.|work=Business Standard India|access-date=2020-02-25}}</ref>  The company was promoted by Bharat Steel Tubes, Ltd., Raunaq International Pvt. Ltd., Raunaq & Co. Pvt. Ltd., Raunaq Singh, Mathew T. Marattukalam and Jacob Thomas.<ref>{{Cite web|url=https://economictimes.indiatimes.com/apollo-tyres-ltd/infocompanyhistory/companyid-63.cms|title=Apollo Tyres History {{!}} Apollo Tyres Information - The Economic Times|website=economictimes.indiatimes.com|access-date=2020-02-25}}</ref> In 1975, the company made its [https://economictimes.indiatimes.com/apollo-tyres-ltd/infocompanyhistory/companyid-63.cms Initial public offer] of equity shares and its first manufacturing facility was commissioned in [[Perambra]] Plant, [[Thrissur]], [[Kerala]], India in 1977,<ref name="apollotyres.com" /> followed by its 2nd plant at Limda, [[Gujarat, India]]<ref name="apollotyres.com" /> in 1991. The company acquired Premier Tyres Limited- PTL in 1995, which became its 3rd plant at [[Kalamassery]], [[Kerala, India]].<ref>{{cite web|url=http://economictimes.indiatimes.com/apollo-tyres-ltd/infocompanyhistory/companyid-63.cms|title=The Economic Times}}</ref> In 2008, it started a new plant at [[Chennai]], [[Tamil Nadu, India]].<ref name="apollotyres.com"/> A year later in 2009, the company acquired the Netherlands-based tyre maker [[Vredestein Banden B.V.]] (VBBV) for an undisclosed sum<ref>[https://www.topnews.in/dutch-tyre-company-vredestein-banden-bv-acquired-apollo-tyres-2168276 Apollo Tyres Acquires Vredestein Banden BV]</ref>


The company focused on the production of truck tyres in India and introduced its first truck tyre, Rajdhani in India.<ref>{{Cite web|url=https://tyre-asia.com/2017/02/22/ambition-drive-based-values/|title=Ambition, drive based on values|date=2017-02-22|website=Tyre Asia|language=en-US|access-date=2020-02-25}}</ref><ref name="in.com"/> The company expanded its operation across India and in 1996, it expanded operations outside India by acquiring [[Dunlop Tyres|Dunlop]]'s Africa operations.<ref name="in.com1">{{cite web|url=http://business.in.com/article/boardroom/apollos-play-in-europe/21562/0|archive-url=https://web.archive.org/web/20110129160108/http://business.in.com/article/boardroom/apollos-play-in-europe/21562/0|url-status=dead|archive-date=2011-01-29|title=Forbes India Magazine - Apollo's Play in Europe}}</ref> In 2013, it disposed of the Dunlop brand in Africa along with most of the South African operation in a sale to [[Sumitomo Rubber Industries]] of Japan.<ref>{{cite web|url=http://www.tirereview.com/Article/114083/sumitomo_acquires_assets_of_apollo_tyres_south_africa.aspx|title=Sumitomo Acquires Assets of Apollo Tyres South Africa|author=Tire Review Staff|work=Tire Review Magazine}}</ref> The very same year, it started its Global R&D Centre, Europe in Enschede, the Netharlands.<ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/apollo-tyres-opens-rd-centre-in-netherlands/article4307572.ece|title=Apollo Tyres opens R&D centre in Netherlands|date=14 January 2013|work=The Hindu Business Line|access-date=17 August 2017|language=en}}</ref>
The company's second plant in Europe, was inaugurated by the [[Prime Minister of Hungary|Hungarian Prime Minister]], [[Viktor Orbán|Viktor Orban]], in April 2017.<ref>{{Cite news|url=http://www.financialexpress.com/industry/hungary-prime-minister-viktor-orban-opens-apollo-tyres-plant-near-budapest/620126/|title=Hungary Prime Minister Viktor Orban opens Apollo Tyres plant near Budapest|date=8 April 2017|work=The Financial Express|access-date=12 June 2017|language=en-US}}</ref><ref>{{Cite news|url=http://www.indianembassy.hu/?p=138983|title=H.E. PM Viktor Orbán inaugurates the Apollo Tyres plant in Gyöngyöshalász|date=7 April 2017|work=Indian Embassy Hungary|access-date=12 June 2017|language=en-US|archive-url=https://web.archive.org/web/20170408030600/http://www.indianembassy.hu/?p=138983|archive-date=8 April 2017|url-status=dead}}</ref><ref>{{Cite news|url=http://www.business-standard.com/content/b2b-plastics-polymers/apollo-tyres-starts-production-from-hungarian-plant-117041000510_1.html|title=Apollo Tyres starts production from Hungarian plant|date=10 April 2017|work=Business Standard India|access-date=12 June 2017}}</ref><ref>{{cite web| url=https://www.moneycontrol.com/news/business/stocks/apollo-tyres-stock-hits-52-week-high-after-2-fold-rise-in-q3-profit-to-rs-444-crore-6446121.html| title=Apollo Tyres stock hits 52-week high after 2-fold rise in Q3 profit to Rs 444 crore| date=4 February 2021}}</ref>


In 2015, Apollo Tyres bought Germany's Reifencom tyre distributor for €45.6 million.<ref>{{Cite web|title = Apollo Tyres may miss 2020 revenue target|url = http://www.livemint.com/Companies/fy2mtFKrVPdJ1i7lcpqQwO/Apollo-Tyres-acquires-Germanys-Reifencom-for-456-million.html|access-date = 14 December 2015}}</ref> It shifted its corporate office for Europe region to Amsterdam from Enschede, the Netherlands<ref>{{Cite news|url=http://www.tyrepress.com/2016/05/apollo-vredestein-management-now-based-in-amsterdam/|title=Apollo Vredestein management now based in Amsterdam|date=20 May 2016|work=Tyrepress|access-date=17 August 2017|language=en-US}}</ref> and opened a Global R&D Centre, Asia in [[Chennai]], India a few months later.<ref>{{Cite web|url=http://auto.economictimes.indiatimes.com/news/tyres/apollo-tyres-opens-its-global-rd-centre-asia-in-chennai/55337917|title=Apollo Tyres opens its Global R&D Centre, Asia in Chennai - ET Auto|last=www.ETAuto.com|website=ETAuto.com|language=en|access-date=17 August 2017}}</ref>
== European operations ==


In 2016, the company signed an MoU with the Government of Andhra Pradesh to set up a new factory in the state.<ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/apollo-tyres-plans-500cr-factory-in-andhra-pradesh/article9325043.ece|title=Apollo Tyres plans ₹500-cr factory in Andhra Pradesh|date=9 November 2016|work=The Hindu Business Line|access-date=17 August 2017|language=en}}</ref> In 2017, it inaugurated its plant in Hungary.<ref name="www.autocarpro.in" /> On 9 January 2018, the [[List of chief ministers of Andhra Pradesh|Chief Minister of Andhra Pradesh]], [[N. Chandrababu Naidu|N Chandrababu Naidu]] laid the foundation stone for Apollo Tyres' ₹1,800-crore tyre factory in [[Andhra Pradesh]]. The plant will come up over a 200-[[acre]] site in Chinnapanduru village near Sri City in [[Chittoor, Andhra Pradesh|Chittoor]] district and produce passenger car radial (PCR) tyres with an initial capacity of 55 [[lakh]] (5.5 million) tyres per year and will serve both domestic and export markets.<ref>{{Cite news|last=Mukherjee|first=Sharmistha|url=https://economictimes.indiatimes.com/industry/auto/tyres/apollo-tyres-to-invest-rs-1800-crore-in-first-phase-in-andhra-pradesh/articleshow/62429224.cms|title=Apollo Tyres to invest Rs 1800 crore in first phase in Andhra Pradesh|date=2018-01-09|work=The Economic Times|access-date=2020-02-25}}</ref><ref>{{Cite web|url=https://www.thehindubusinessline.com/news/national/apollo-tyres-to-invest-1800-cr-in-andhra-pradesh-factory/article10022453.ece|title=Apollo Tyres to invest ₹1,800 cr in Andhra Pradesh factory|last=Balachandar|first=G.|website=@businessline|language=en|access-date=2020-02-25}}</ref>
Apollo Tyres currently sells Apollo and Vredestein (or Maloya) branded tyres in Europe.<ref name="in.com1"/> The company currently operates two tyre factories in Europe; in the [[Netherlands]] and in [[Hungary]].<ref name=":0">{{Cite news |last= |first= |date=10 April 2017 |title=Apollo Tyres starts production from Hungarian plant |url=http://www.business-standard.com/content/b2b-plastics-polymers/apollo-tyres-starts-production-from-hungarian-plant-117041000510_1.html |access-date=8 May 2017 |work=Business Standard India}}</ref> The [[Enschede]] plant was acquired from Vredestein, the newly built facility southeasterly from [[Gyöngyöshalász]] was inaugurated for production on 7 April 2017.<ref name=":0" />


== Corporate Structure and Leadership ==
== Anti competition practices ==
Apollo Tyres is structured in the following units:
In April 2022, the [[Competition Commission of India]] raided the headquarters of Apollo Tyres along with other tyre companies like [[CEAT Limited|CEAT]], [[MRF (company)|MRF]] (Madras Rubber Factory) and [[Continental AG|Continental Tyre]] at multiple locations. Earlier in February the antitrust watch dog had released a statement about fining these tyre companies a total of {{INR}}1,788 crores (of which Apollo Tyres fined {{INR}}425.53 cr.) for sharing price sensitive information among themselves to manage their cartelization of tyre prices for supplies to the public transport corporation of Haryana state. Earlier the All India Tyre Dealers Federation had complained to the [[Ministry of Corporate Affairs]] about this cartelization of these companies to increase the tyre prices. The ministry had then referred the case to the CCI.<ref>{{Cite web |date=2022-04-03 |title=CCI Conducts Raids On Tyre Companies |url=https://www.cartoq.com/cci-conducts-raids-on-tyre-companies/ |access-date=2022-04-04 |language=en-US}}</ref>
* '''Asia Pacific, Middle East and Africa (APMEA)'''
** Satish Sharma, President<ref>{{Cite news|url=http://economictimes.indiatimes.com/industry/auto/news/tyres/apollo-tyres-satish-sharma-elected-atma-chairman/articleshow/57671339.cms|title=Apollo Tyres' Satish Sharma elected ATMA Chairman|last=Mukherjee|first=Sharmistha|date=16 March 2017|work=The Economic Times|access-date=21 August 2017}}</ref><ref name=":0">{{Cite web|url=https://corporate.apollotyres.com/about-us/management/?type=ManagementBoard|title=Apollo Tyres Management Team|website=corporate.apollotyres.com|language=en|access-date=21 August 2017}}</ref>
* '''Europe'''
** Benoit Rivallant, President <ref>{{Cite news|url=https://corporate.apollotyres.com/en-in/press-media/news/benoit/|title=Apollo Tyres elevates Benoit Rivallant to head its European Operations|date=16 October 2018|work=Apollo tyres|access-date=26 October 2018}}</ref><ref name=":0" />
'''Board of Directors'''
* [[Onkar Kanwar]], Chairman & Managing Director
*[[Neeraj Kanwar]], Vice Chairman and Managing Director
* Akshay Chudasama
* Dr. S Narayan
* Francesco Gori <ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=8156590&privcapId=878338|title=Francesco Gori: Executive Profile & Biography - Bloomberg|website=www.bloomberg.com|access-date=21 August 2017}}</ref>
* [[Bikram Singh (general)|General Bikram Singh (Retd.)]]
* [[Nimesh Kampani|Nimesh N Kampani]]
* Pallavi Shroff
* Robert Steinmetz
* Sunam Sarkar
* [[Vikram Mehta|Vikram S Mehta]]
* [[Vinod Rai]]
*[[Anjali Bansal]]
*Dr M Beena
* Seema Thapar


== European Operations ==
== Sponsorship ==
 
On 16 September 2025, Apollo Tyres was announced as the [[Sponsor (commercial)|sponsor]] of the [[India national cricket team|Indian national cricket team]] in a three-year agreement, covering 121 bilateral matches and 21 [[International Cricket Council|ICC]] fixtures, valued at {{INRconvert|579|c}}.<ref>{{cite news |title=Apollo Tyres replaces Dream 11 as India team sponsor |url=https://www.espncricinfo.com/story/apollo-tyres-replaces-dream-11-as-india-team-sponsor-1503120 |access-date=16 September 2025 |work=ESPNcricinfo}}</ref>
Apollo Tyres currently sells Apollo and Vredestein (or Maloya) branded tyres in Europe.<ref name="in.com1"/> The company currently operates two tyre factories in Europe; in the [[Netherlands]] and in [[Hungary]].<ref>{{Cite news|url=http://www.business-standard.com/content/b2b-plastics-polymers/apollo-tyres-starts-production-from-hungarian-plant-117041000510_1.html|title=Apollo Tyres starts production from Hungarian plant|last=Bureau|first=BS B2B|date=10 April 2017|work=Business Standard India|access-date=8 May 2017}}</ref> The [[Enschede]] plant was acquired from Vredestein, the newly buit facility southeasterly from [[Gyöngyöshalász]] was inaugurated<ref>{{Cite news|url=http://www.business-standard.com/content/b2b-plastics-polymers/apollo-tyres-starts-production-from-hungarian-plant-117041000510_1.html|title=Apollo Tyres starts production from Hungarian plant|last=Bureau|first=BS B2B|date=10 April 2017|work=Business Standard India|access-date=17 April 2017}}</ref> for production on 7 April 2017.<ref>{{cite news |url=http://economictimes.indiatimes.com/industry/auto/tyres/hungary-plant-to-start-rolling-out-products-by-2017-apollo-tyres/articleshow/42734074.cms |title=Hungary plant to start rolling out products by 2017.A new plant is considered to be launched in north India: Apollo Tyres |publisher=[[The Economic Times]] |date=17 September 2014 |access-date=17 September 2014}}</ref>


== References ==
== References ==
Line 77: Line 56:


== External links ==
== External links ==
* {{official|http://www.apollotyres.com }}
* {{official website|http://www.apollotyres.com }}
* [http://www.dunloptyres.co.za Dunlop Tyres South Africa website]
* [http://www.dunloptyres.co.za Dunlop Tyres South Africa website]
* [http://www.vredestein.com/ Apollo Tyres Acquires Vredestein Banden BV]
* [http://www.vredestein.com/ Apollo Tyres Acquires Vredestein Banden BV]
Line 83: Line 62:
{{Nifty 200 companies}}
{{Nifty 200 companies}}


[[Category:Economy of Thrissur district]]
[[Category:Manufacturing companies based in Gurgaon]]
[[Category:Manufacturing companies based in Gurgaon]]
[[Category:Automotive companies established in 1972]]
[[Category:Manufacturing companies established in 1972]]
[[Category:Tyre manufacturers of India]]
[[Category:Tyre manufacturers of India]]
[[Category:Automotive companies of India]]
[[Category:Automotive companies of India]]
[[Category:Indian brands]]
[[Category:Indian brands]]
[[Category:1972 establishments in Haryana]]
 
[[Category:Indian companies established in 1972]]
[[Category:Indian companies established in 1972]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Multinational companies headquartered in India]]

Latest revision as of 13:27, 13 March 2026



Apollo Tyres Limited
Traded as
ISINTemplate:ISIN
IndustryTyres
Founded1972; 54 years ago (1972)[1]
Headquarters
Key people
RevenueIncrease ₹26,211 crore (US$3.7 billion) [3] (2025)
Decrease ₹1,714 crore (US$240 million) [3] (2025)
Decrease ₹1,121 crore (US$160 million) [3] (2025)
Total assetsIncrease ₹27,306 crore (US$3.8 billion) [4] (2025)
Total equityIncrease ₹14,765 crore (US$2.1 billion) [4] (2025)
Number of employees
17,517 (2025)
Websiteapollotyres.com

Apollo Tyres Limited is an Indian multinational tyre manufacturing company headquartered in Gurugram, Haryana. It was incorporated in 1972, and its first plant was commissioned in Perambra, Kerala. The company now has five manufacturing units in India, one in the Netherlands[5] and one in Hungary.[6] As of 2024, the company generates 87% of its revenues from India, 11% from Europe and 2% from other countries.[7][8]

History[edit | edit source]

Apollo Tyres Limited was incorporated on 28 September 1972 in India as a public limited company and obtained certificate of Commencement of Business on 24 October 1972.[9] The company was promoted by Bharat Steel Tubes, Ltd., Raunaq International Pvt. Ltd., Raunaq & Co. Pvt. Ltd., Raunaq Singh, Mathew T. Marattukalam and Jacob Thomas.[10] In 1975, the company made its Initial public offer[11] of equity shares and its first manufacturing facility was commissioned in Perambra Plant, Thrissur, Kerala, India in 1977,[1] followed by its 2nd plant at Limda, Gujarat, India[1] in 1991. The company acquired Premier Tyres Limited in 1995, which became its 3rd plant at Kochi, Kerala, India.[12] In 2008, it started a new plant at Chennai, Tamil Nadu, India.[1] A year later in 2009, the company acquired the Netherlands-based tyre maker Vredestein Banden B.V. (VBBV) for an undisclosed sum[13]

The company focused on the production of truck tyres in India and introduced its first truck tyre, Rajdhani in India.[14][2] The company expanded its operation across India and in 1996, expanded operations outside India by acquiring Dunlop's Africa operations.[15] In 2013, it disposed of the Dunlop brand in Africa along with most of the South African operation in a sale to Sumitomo Rubber Industries of Japan.[16] The very same year, it started its Global R&D Centre, in Enschede, the Netherlands.[17]

In 2015, Apollo Tyres bought Germany's Reifencom tyre distributor for €45.6 million.[18] It shifted its corporate office for Europe region to Amsterdam from Enschede, the Netherlands[19] and opened a Global R&D Centre, Asia in Chennai, India a few months later.[20]

In 2016, the company signed an MoU with the Government of Andhra Pradesh to set up a new factory in the state.[21] On 9 January 2018, the Chief Minister of Andhra Pradesh, N Chandrababu Naidu laid the foundation stone for Apollo Tyres' ₹1,800-crore tyre factory in Andhra Pradesh. The plant will come up over a 200-acre site in Chinnapanduru village near Sri City in Tirupati district and produce passenger car radial (PCR) tyres with an initial capacity of 55 lakh (5.5 million) tyres per year and also truck bus radial (TBR) tyres and will serve both domestic and export markets.[22][23]

The company's second plant in Europe, was inaugurated by the Hungarian Prime Minister, Viktor Orban, in April 2017.[24][25][26][27]

European operations[edit | edit source]

Apollo Tyres currently sells Apollo and Vredestein (or Maloya) branded tyres in Europe.[15] The company currently operates two tyre factories in Europe; in the Netherlands and in Hungary.[28] The Enschede plant was acquired from Vredestein, the newly built facility southeasterly from Gyöngyöshalász was inaugurated for production on 7 April 2017.[28]

Anti competition practices[edit | edit source]

In April 2022, the Competition Commission of India raided the headquarters of Apollo Tyres along with other tyre companies like CEAT, MRF (Madras Rubber Factory) and Continental Tyre at multiple locations. Earlier in February the antitrust watch dog had released a statement about fining these tyre companies a total of ₹1,788 crores (of which Apollo Tyres fined ₹425.53 cr.) for sharing price sensitive information among themselves to manage their cartelization of tyre prices for supplies to the public transport corporation of Haryana state. Earlier the All India Tyre Dealers Federation had complained to the Ministry of Corporate Affairs about this cartelization of these companies to increase the tyre prices. The ministry had then referred the case to the CCI.[29]

Sponsorship[edit | edit source]

On 16 September 2025, Apollo Tyres was announced as the sponsor of the Indian national cricket team in a three-year agreement, covering 121 bilateral matches and 21 ICC fixtures, valued at ₹579 crore (US$81 million).[30]

References[edit | edit source]

  1. ↑ 1.0 1.1 1.2 1.3 "Archived copy" (PDF). Archived from the original (PDF) on 19 November 2010. Retrieved 17 December 2010.{{cite web}}: CS1 maint: archived copy as title (link)
  2. ↑ 2.0 2.1 "Forbes India Magazine - Apollo's Play in Europe". Archived from the original on 22 January 2011.
  3. ↑ 3.0 3.1 3.2 "Apollo Tyres Consolidated Profit & Loss account, Apollo Tyres Financial Statement & Accounts" (PDF). www.bseindia.com. Retrieved 14 May 2024.
  4. ↑ 4.0 4.1 "Apollo Tyres FY25 Annual Report" (PDF). www.corporate.apollotyres.com. Retrieved 14 May 2024.
  5. ↑ "Apollo tyres roll into Europe today". The Hindu Business Line. 1 June 2010. Retrieved 17 September 2014.
  6. ↑ "Apollo Tyres expands global footprint, inaugurates Hungarian plant". www.autocarpro.in. Retrieved 8 May 2017.
  7. ↑ "Annual Report for the Financial Year 2015-2016". Apollo Tyres. Archived from the original on 27 September 2016.
  8. ↑ "Widgets Magazine". epaperbeta.timesofindia.com. Archived from the original on 5 June 2016. Retrieved 10 June 2016.
  9. ↑ "Apollo Tyres Ltd". Business Standard India. Retrieved 25 February 2020.
  10. ↑ "Apollo Tyres History | Apollo Tyres Information - The Economic Times". economictimes.indiatimes.com. Retrieved 25 February 2020.
  11. ↑ "Apollo Tyres History | Apollo Tyres Information". The Economic Times. Retrieved 9 February 2024.
  12. ↑ "The Economic Times".
  13. ↑ Apollo Tyres Acquires Vredestein Banden BV
  14. ↑ "Ambition, drive based on values". Tyre Asia. 22 February 2017. Archived from the original on 2 October 2017. Retrieved 25 February 2020.
  15. ↑ 15.0 15.1 "Forbes India Magazine - Apollo's Play in Europe". Archived from the original on 29 January 2011.
  16. ↑ "Sumitomo Acquires Assets of Apollo Tyres South Africa". Tire Review Magazine.
  17. ↑ "Apollo Tyres opens R&D centre in Netherlands". The Hindu Business Line. 14 January 2013. Retrieved 17 August 2017.
  18. ↑ Mohile, Shally Seth (16 November 2015). "Apollo Tyres may miss 2020 revenue target". mint. Retrieved 14 December 2015.
  19. ↑ "Apollo Vredestein management now based in Amsterdam". Tyrepress. 20 May 2016. Retrieved 17 August 2017.
  20. ↑ "Apollo Tyres opens its Global R&D Centre, Asia in Chennai". ETAuto.com. Retrieved 17 August 2017.
  21. ↑ "Apollo Tyres plans ₹500-cr factory in Andhra Pradesh". The Hindu Business Line. 9 November 2016. Retrieved 17 August 2017.
  22. ↑ Mukherjee, Sharmistha (9 January 2018). "Apollo Tyres to invest Rs 1800 crore in first phase in Andhra Pradesh". The Economic Times. Retrieved 25 February 2020.
  23. ↑ Balachandar, G. (9 January 2018). "Apollo Tyres to invest ₹1,800 cr in Andhra Pradesh factory". @businessline. Retrieved 25 February 2020.
  24. ↑ "Hungary Prime Minister Viktor Orban opens Apollo Tyres plant near Budapest". The Financial Express. 8 April 2017. Retrieved 12 June 2017.
  25. ↑ "H.E. PM Viktor Orbán inaugurates the Apollo Tyres plant in Gyöngyöshalász". Indian Embassy Hungary. 7 April 2017. Archived from the original on 8 April 2017. Retrieved 12 June 2017.
  26. ↑ "Apollo Tyres starts production from Hungarian plant". Business Standard India. 10 April 2017. Retrieved 12 June 2017.
  27. ↑ "Apollo Tyres stock hits 52-week high after 2-fold rise in Q3 profit to Rs 444 crore". 4 February 2021.
  28. ↑ 28.0 28.1 "Apollo Tyres starts production from Hungarian plant". Business Standard India. 10 April 2017. Retrieved 8 May 2017.
  29. ↑ "CCI Conducts Raids On Tyre Companies". 3 April 2022. Retrieved 4 April 2022.
  30. ↑ "Apollo Tyres replaces Dream 11 as India team sponsor". ESPNcricinfo. Retrieved 16 September 2025.

External links[edit | edit source]

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