Apollo tyres news
Here are some recent news updates about Apollo Tyres:
Recent News
- Apollo Tyres launches new range of SUV tyres: Apollo Tyres has launched a new range of SUV tyres, designed to provide improved traction, handling, and durability. The new tyres are available in various sizes and are suitable for popular SUV models such as the Toyota Fortuner, Ford Endeavour, and Hyundai Tucson. (Source: Business Standard)
- Apollo Tyres partners with Indian Super League team: Apollo Tyres has partnered with the Indian Super League (ISL) team, ATK Mohun Bagan, as their official tyre partner. The partnership aims to promote the brand's products and services among football enthusiasts. (Source: The Hindu)
- Apollo Tyres inaugurates new manufacturing facility in Hungary: Apollo Tyres has inaugurated a new manufacturing facility in Hungary, which will produce passenger car and light truck tyres. The facility is expected to create over 1,000 jobs and increase the company's production capacity. (Source: The Economic Times)
- Apollo Tyres launches new range of truck and bus tyres: Apollo Tyres has launched a new range of truck and bus tyres, designed to provide improved fuel efficiency, durability, and traction. The new tyres are available in various sizes and are suitable for popular truck and bus models. (Source: Autocar India)
- Apollo Tyres wins award for sustainability: Apollo Tyres has won the "Sustainability Award" at the 2022 Tyre Industry Awards, recognizing the company's efforts in reducing its environmental impact. The award was presented by the Tyre Industry Association (TIA). (Source: Tyre Industry News)
Recent Developments
- Apollo Tyres' Q2 FY2022 results: Apollo Tyres reported a net profit of ₹1,144 crore (approximately $155 million) for the quarter ended September 30, 2022, a growth of 34% year-on-year. The company's revenue grew by 23% to ₹8,444 crore (approximately $1.1 billion). (Source: Business Standard)
- Apollo Tyres' expansion plans: Apollo Tyres is planning to expand its manufacturing capacity in India and abroad, with a focus on producing more tyres for the passenger car and light truck segments. The company aims to increase its global market share and become a leading tyre manufacturer. (Source: The Economic Times)
- Apollo Tyres' research and development: Apollo Tyres is investing heavily in research and development, with a focus on developing new technologies and products. The company has set up a new R&D centre in India and is working on developing tyres with advanced features such as improved fuel efficiency and reduced noise levels. (Source: Autocar India)
I hope this information is helpful!