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Apollo brings commercial tire portfolio to North America


Apollo photo
Apollo tires for the North American market will be produced at Apollo s 4-year-old plant in Hungary, as well as at its plant in India.
ATLANTA To paraphrase astronaut Neil Armstrong: Apollo has landed. With a commercial truck tire portfolio. In North America. To compete against the Tier 1s in the market.
Indian tire maker Apollo Tyres Ltd. which last year (re)launched the
Vredestein brand of passenger tires in North America is rolling out a range of Apollo-branded truck/bus tires in the U.S. and Canada after several years of testing its products throughout the continent.
This launch involves not only a product line new to the North American commercial truck industry, but also a brand name that is as unfamiliar in the U.S. as it is a brand leader in the company s home market of India, where it claims a 32% market share. ....

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We will launch our European brand Vredestein here soon: Apollo Tyres' Onkar Kanwar


We will launch our European brand Vredestein here soon: Apollo Tyres’ Onkar Kanwar
March 02, 2021
Apollo Tyres Chairman Onkar S Kanwar   -  PTI×
Will invest more than ₹1,600 crore in AP plant, maintenance activities
Like any other company worldwide, Apollo Tyres was also impacted during the lockdown. But it took some early calls of bifurcating its expenses into ‘good costs’ and ‘bad costs’. Over the last few months, the company registered highest-ever sales and now plans to invest more than ₹1,600 crore in its greenfield plant in Andhra Pradesh and maintenance activities. In an interview with
BusinessLine, Onkar Kanwar, Chairman, Apollo Tyres, said the company is also looking at launching its European brand, Vredestein, in Indiasoon. Excerpts: ....

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Apollo Tyres tread a tough path to success


Apollo Tyres tread a tough path to success
The tyre manufacturer rolled out a range of innovative products to power through a crucial crisis
From being a company whose founder Raunaq Singh reportedly wished to dispose it of for just ₹1 at one stage, Apollo Tyres has grown to become the second largest tyre manufacturer in India. Raunaq Singh was an entrepreneur who shifted base to India after partition. After some initial struggle to make ends meet, he started a successful spice business in Kolkata. As fate would have it, a serendipitous encounter with a German businessman led to his establishing the ‘Bharat Steel Pipes,’with German funding, in Kolkata. ....

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