Apollo Tyres Limited is a multinational company based in India. The company specializes in the manufacturing and sale of tires. It is one of the top manufacturers of tires. They serve a big market in India as well as in Europe, the Middle East, Southeast Asia, and Africa.
The company produces a wide range of tires. Different types of vehicles use these tires such as cars, trucks, buses, motorcycles, and bicycles. It has multiple manufacturing units in India. It also has international production facilities in the Netherlands and Hungary.
Product Range
Apollo Tyres offers various products for different types of vehicles and consumer needs. Here are some products of the company:
- Car, SUV, & Van Tyres: The company produces tires for passenger vehicles. These tires provide performance, comfort, and safety to the vehicle.
- Bike & Scooter Tyres: Apollo offers tires for two-wheelers. They focus on grip, durability, and handling.
- Agricultural Tyres: It offers specialized tires for agricultural vehicles. They provide a strong grip and long life in both soft and hard soil conditions.
- Truck & Bus Tyres: The company produces tires for commercial vehicles. These tires are designed for durability and efficiency in heavy-duty operations.
- Industrial Tyres: It provides tires for industrial applications. They are designed for resilience and performance in challenging environments.
- Earthmover Tyres: Earthmover tires are used for heavy construction and mining vehicles. They provide robustness and reliability in rugged conditions
Brands Associated
Apollo Tyres Limited has associated itself with various brands and partnerships. This enhances its market presence and satisfies a wide range of consumer segments. The two primary brands under Apollo are:
Apollo
Many original equipment auto manufacturers in India and abroad recognize this brand. The company’s products span multiple categories, including commercial vehicles, passenger vehicles, and industrial applications. The brand philosophy focuses on empowering the customers to conquer the road ahead. They have a tagline 'go the distance.'
Vredestein
Vredestein is a premium brand in the automotive industry. Vredestein's product line includes car tires, agricultural and industrial tires, and bicycle tires. The company collaborates with renowned design agencies and styling partners. This includes Giugiaro, Lumma Design, Hamann, and Mansory.
Financial Position
Apollo Tyres has demonstrated a solid financial performance in the financial year 2023-24. For the first nine months (April to December) of the fiscal year, the company's revenue increased by 4% to ₹19,120 crores. The operating profit by 48% to ₹3,419 crores. Moreover, the net profit showed a significant increase of over 100% to ₹1,368 crores. The company's share price showed an increase of INR 10.45 (2.12%). The 52-week range of the stock has been between INR 303.50 and INR 557.90.
Also, the share price of Apollo Tyres Limited indicates the current market trends and performance of the Indian manufacturing sector.
Research & Development
Apollo Tyres has an Advanced R&D Tyre Testing facility at its Global R&D Centre in Chennai, India. This facility researches to develop advanced quality tires for passenger vehicles and two-wheeler tires. This also includes tires for electric vehicles. The main features of this facility include a custom-designed Flat-track machine. It also consists of an Anechoic Chamber for testing tire dynamics and acoustics. This will benefit the development of high-end passenger vehicles, motorcycle tires, and EV-specific tires.
Final Words
To summarize, Apollo Tyres Limited is a globally recognized company that manufactures tires. They produce a variety of tires and are used by different kinds of vehicles. The company has associated itself with other brands to increase its market presence. They have lots of competitors but they still observe a growing revenue. This shows the demand for their tires. The company also invests in research and development to produce much more high-quality tires for even electronic cars.