Business Description
Apollo Tyres Ltd is an international tyre manufacturer and the leading tyre brand in India. It is built around the core principles of creating stakeholder value through reliability in its products and dependability in its relationships. The company has a total of six manufacturing units -- 4 in India and 1 each in the Netherlands and Hungary. India’s fifth and 7 th globally, is coming up in Andhra Pradesh.
The company markets its products under its two global brands – Apollo and Vredestein, and its products are available in over 100 countries through a vast network of branded, exclusive and multi-product outlets. The product portfolio of the company includes the entire range of passenger car,SUV, MUV, light truck, truck-bus, two-wheeler, agriculture, industrial, specialty, bicycle and off-the-road tyres, and retreading material and tyres.
Headquartered in Gurgaon, India, the company has a turnover of US$ 2.3 billion and ranks among the global top 20 tyre makers. Apollo Tyres has been recognised as the ‘Best Company To Work For’both in Asia and Europe in the recent past, and has won several accolades for its HIV-AIDS awareness and prevention initiative for the trucking and allied communities, and for its Waste Management initiatives in the community.
Acquired entities: In November 2015, Apollo Tyres acquired Reifencom GmbH, one of the largest tyre distributors in Germany, with both online and offline presence. In May 2009, the company acquired Apollo Vredestein BV (originally Vredestein Banden BV) in the Netherlands, producer of niche high end passenger car and specialty tyres, and with an extensive distribution network across Europe.
