Apollo Tyres: exporting to more than 100 countries
Apollo Tyres Ltd is one of the leading tyre manufacturers in India, with an export base of over 100 countries. The company has four manufacturing units across three states—one each in Gujarat and Tamil Nadu, and two in Kerala. It also has two manufacturing units in Europe—one each in Netherlands and Hungary.
At present the total number of permanent and contractual employees on the rolls of the company stand at 15,850.
According to the official website, in fiscal year 2017 (FY17) the company reported a net profit of Rs1,100 crore when compared to Rs1,120 crore in FY16. Net sales during the period stood at Rs13,060 crore when compared to Rs11,740 crore in the preceding fiscal year. At an operating level or earnings before interest, tax, depreciation and amortization, the company reported Rs1,850 crore of profit when compared to Rs2,000 crore in FY16.
In FY17, truck tyres contributed 41% to the total revenues, while passenger car tyres constituted 39%. The rest is contributed by light trucks and farm equipment.
The domestic business contributed 60% to overall net sales, while the European business forms 32% of the revenue. In India, the company has 5,300 third-party dealers and 1,700 exclusive dealers, and in Europe the number of third-party dealers stands at 5,800. It has four research and development centres—two each in India and Europe.
The company is trying to increase its presence in Asean (Association of Southeast Asian Nations), Saarc (South Asian Association for Regional Cooperation) and West Asian countries.
From being a replacement market focused firm in Europe, Apollo Tyres is now expanding supplies to the European original equipment manufacturers in the passenger car tyre segment, according to a company press release. The company’s premiere brand, Vredestein, has been selected as a fitment on the Volkswagen Polo, SEAT Ibiza and Ford EcoSport, and supplies have already begun to these auto makers.
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