Apollo Tyres: Difference between revisions
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{{Infobox company |
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| company_name = Apollo Tyres Limited |
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| company_logo = [[Image:Apollo Tyres logo.svg|225px]] | |
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| company_type = [[Public company|Public]] |
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| foundation = 1972<ref>[http://www.apollotyres.com/downloads/atl-corporate-presentation.pdf]</ref> |
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| location = [[Vadodara, Gujarat]], [[India]]<ref>[http://business.in.com/article/boardroom/apollos-play-in-europe/21562/1]</ref> |
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| key_people = Onkar S Kanwar (Chairman & MD)<br />Neeraj R S Kanwar (Vice-Chairman & MD) |
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| industry = [[Tyres]] |
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| revenue = {{profit}}{{INRConvert|12153|c}}<ref>[http://www.apollotyres.com/india/downloads/press/financial/2012/apollo-tyres-revenue-crosses-US$-2.5-billion-10-5-2012.pdf]</ref> |
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| homepage = http://www.apollotyres.com |
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}} |
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'''Apollo Tyres Ltd''' is the world's 15th biggest tyre manufacturer, with annual consolidated revenues of Rs 121.5 billion (US$ 2.5 billion) in 2011. It was founded in 1976. Its first plant was commissioned in [[Perambra -Thrissur|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]].[http://www.thehindubusinessline.com/2010/06/01/stories/2010060151830500.htm] 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. |
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It gets 59% of its revenues from India, 28% from Europe and 13% from Africa.<ref>[http://www.apollotyres.com/downloads/atl-corporate-presentation.pdf]</ref> |
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It is planning to become the 10th biggest tyre manufacturer in the world with annual revenues of $6 billion by 2016.<ref>[http://business.in.com/article/boardroom/apollos-play-in-europe/21562/1]</ref> |
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== History == |
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1976 Apollo Tyres was registered<ref>[http://www.apollotyres.com/downloads/atl-corporate-presentation.pdf]</ref> |
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1977 1st plant established at [[Perambra -Thrissur|Perambra]], [[Kerala, India]]<ref>[http://www.apollotyres.com/downloads/atl-corporate-presentation.pdf]</ref> |
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1991 2nd plant at Limda, [[Gujarat, India]]<ref>[http://www.apollotyres.com/downloads/atl-corporate-presentation.pdf]</ref> |
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1994 Started selling tyres for 2-wheelers<ref>[http://business.in.com/article/boardroom/apollos-play-in-europe/21562/1]</ref> |
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1995 3rd plant at Kalmassery, [[Kerala, India]]<ref>[http://www.apollotyres.com/downloads/atl-corporate-presentation.pdf]</ref> |
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2006 Expanded operations outside India by acquiring [[Dunlop Tyres|Dunlop]]'s Africa operations.<ref>[http://business.in.com/article/boardroom/apollos-play-in-europe/21562/0]</ref> |
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2008 new plant at [[Chennai, Tamil Nadu]], [[India]]<ref>[http://www.apollotyres.com/downloads/atl-corporate-presentation.pdf]</ref> |
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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.<ref>http://abclive.in/abclive_business/apollo_tyres_vredestein_banden_bv.html Apollo Tyres Acquires Vredestein Banden BV</ref> |
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== References == |
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{{Reflist}} |
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==External links== |
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* [http://www.apollotyres.com Official site] |
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* [http://www.dunlop.co.za Dunlop Tyres South Africa website] |
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* [http://abclive.in/abclive_business/apollo_tyres_vredestein_banden_bv.html Apollo Tyres Acquires Vredestein Banden BV] |
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[[Category:Industries based in Kerala]] |
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[[Category:Companies based in Gurgaon]] |
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[[Category:Tyre manufacturing companies of India]] |
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