Apollo Tyres
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Apollo Tyres
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| Type | Public |
|---|---|
| Industry | Tyres |
| Founded | 1976[1] |
| Headquarters | Gurgaon, Haryana, India[2] |
| Key people | Onkar S Kanwar (CMD) Neeraj R S Kanwar (JMD & COO) |
| Revenue |   7,000 crore (US$1.54 billion)[3] |
| Website | http://www.apollotyres.com |
Apollo Tyres Ltd is the world's 15th biggest tyre manufacturer, with annual revenues of Rs 88.6 billion (US$ 1.99 billion) in 2010. It was founded in 1976. Its first plant was commissioned in Perambra, Kerala. In 2006 the company acquired Dunlop Tyres International of South Africa. The company now has four manufacturing units in India, two in South Africa, two in Zimbabwe and 1 in Netherlands.[15] It has a network of over 4,000 dealerships in India, of which over 2,500 are exclusive outlets. In South Africa, it has over 900 dealerships, of which 190 are Dunlop Accredited Dealers.
It gets 59% of its revenues from India, 28% from Europe and 13% from Africa.[4]
It is planning to become the 10th biggest tyre manufacturer in the world with annual revenues of $6 billion by 2016.[5]
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Contents
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History
1976 Apollo Tyres was registered[6]
1977 1st plant established at Perambra, Kerala, India[7]
1991 2nd plant at Limda, Gujarat, India[8]
1994 Started selling tyres for 2-wheelers[9]
1995 3rd plant at Kalmassery, Kerala, India[10]
2006 Expanded operations outside India by acquiring Dunlop's Africa operations.[11]
2008 new plant at Chennai, Tamil Nadu, India[12]
In 2009, Apollo Tyres acquired the Netherlands-based winter-tyre maker Vredestein Banden B.V. (VBBV) for an undisclosed sum from Russia's bankrupt largest tyre manufacturer Amtel-Vredestein NV.[13]
In March, 2010, it won an agreement with Volkswagen AG to supply the VW Polo assembled in India with Apollo tyres as Original Equipment.[14]
European Operations
It currently sells 30,000 tyres/month in Europe, which is a 250 million tyres/year market.[15]
References
External links
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Best company in Tyre industry
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