RACE/18-19/001

Apollo Tyres
FOUNDED
28th September, 1972 COMPANY BRIEF
KEY PERSONS Apollo Tyres Ltd. produces and distributes tyres. The company's products include tyres for commercial, Sports
• Onkar S Kanwar | CMD Utility Vehicals, Van, Passenger Vehical Winter, Heavy Commercial Vehical, Light Commercial Vehical,
• Neeraj Kanwar| VCMD DuraTreads, Vulcanising Solution, and passenger's car. The products are also exported globally under different
• Francesco Gori | Director brands. The company was established in 1972 and is based in Kochi. The company has manufacturing presence
• Sunam Sarkar | Director in Asia, Europe and Africa, with 8 modern tyre facilities (6 plants & 2 global R&D centers) and exports to over 100
countries.
HEADQUARTERS Vision: To be a premier tyre company with a diversified and multinational presence
The organisation has identified key priorities to realise Vision 2020 – ‘build leadership in India’, ‘premiumisation
Registered Office: Kochi, Kerala
in Europe’, and ‘explore strategically attractive. These priority areas are integrated within the six capitals and
Corporate Headquarters: Gurgaon, India interconnected in order to create value in the short, medium and long-term. The Capitals are Nature, Human,
Mfg Plant 1977: Perambra, Kerala Social & Relationship, Intellectual, Manufactured and Financial Capital.
Mfg Plant 1991: Limba, Gujarat
Mfg Plant 1995 : Kalamassery, Kerala
(acquired Premier Tyres Limited) RECENT NEWS
Mfg Plant 2008: Kanchipuram, TamilNadu
Mfg Plant 2009: Netherlands (acquired the • Apollo Tyres gets on board with Hungarian Football; Signs a three-year sponsorship deal with Hungarian Sports
Netherlands-based tyre maker Vredestein Club, DVTK (May 4,2018)
Banden B.V.) • Apollo Tyres provides income generation opportunities to rubber tapper's wives; Inaugurates a Rubber Sheet
Making Unit in Kottayam, Kerala for these women (March 8, 2018)
• Foundation stone laid for Apollo Tyres' 7th manufacturing facility globally; Company plans to invest Rs 1800
COMPANY FINANCIALS crores in this facility in the first phase (Jan 10,2018)
• Apollo Tyres flags off Mobile Medical Unit for health check of truckers; A unit each would be active in Delhi and
Gross Sales: INR 149.29 Bn
Tamil Nadu (Dec 21,2017)
Net Profit: INR 7.24 Bn
• Apollo Tyres deepens its connect with football in India; Partners with Indian Super League (ISL) for the current
EBIDTA: INR 17.68 Bn season (Dec 14, 2017)
• Apollo Tyres becomes the title sponsor for Minerva Punjab FC; Minerva is north India’s only team in Hero I-
PRODUCTS league (Nov 24,2017)
• Apollo Tyres gets on board with Chennaiyin FC as its Principal Sponsor; This association marks the entry of the
• Alloy Wheels tyre major into Indian Football (Nov 16, 2017)
• Automobile Tubes • Apollo Tyres Hungary inaugurated Company's 6th greenfield tyre plant. Inaugurated by the Hungarian Prime
• Flaps Automobile Minister Viktor Orban; First overseas greenfield by an Indian tyre company (April 10,2017)
• Automobile Tyres • Crystal Palace FC signs Apollo Tyres as the Official Tyre Partner of the Club (Sept 14, 2017)
• Camel Back (Retreading Material)
• other types of tyre for passenger and
INDUSTRY OVERVIEW
commercial cars
COMPETITORS AUTO SEGMENT
Despite the slower-than-expected growth of the Indian economy, in FY2018, the domestic business of the Auto
• MRF Tyres
segment raced ahead to post a 14.2% growth in the Indian market compared to 6.8% for Automobile
• JK Tyre & Industries Ltd.
Manufacturers (SIAM), the Commercial Vehicles (CV) growing at 19.9%, the two-wheelers with a growth of 14.8%
• Balkrishna Industries Ltd. and the three-wheelers at 24.2% drove the industry as against the Passenger Vehicles (PV) segment that had
• Kesoram Industries Ltd. propelled the industry in FY2017. The growth rate of the PV segment fell from 9.2% to 7.9%. Further, exports by
• CEAT Ltd. the Auto manufacturers grew a robust 16% for FY2018 as against a negative growth of 4% for FY2017. The growth
• TVS Srichakra Ltd. surge in the export business was primarily led by the three-wheeler segment, which grew by 40%, and the two-
• Michelin wheeler segment, which posted a 20% growth.
• Bridgestone TYRE SEGMENT
• Goodyear With the bullishness in the economy and the auto industry, the tyre industry also was on an upward march.
• Continental However, the Automotive Tyre Manufacturers’ Association (ATMA) has not shared any industry specific numbers
for FY2018. Nevertheless, estimates indicate that the growth has been led by the Original Equipment (OE) sales
REFERENCES more than by the sales in the replacement market. With a 19% growth in the CV segment, the tyre industry
followed a growth graph similar to that of the Auto segment. The CV segment continues to account for the highest
• https://corporate.apollotyres.com/en-in/about- value within the industry. Good monsoons boosted the demand for all tractor tyres (front, rear and trailer), which
us/our-locations/
• https://corporate.apollotyres.com/en-
posted good growth numbers.
in/investors/financial-reporting/
• https://corporate.apollotyres.com/press-
media/news/minerva/?subsection=Announcements OTHER INFO
• https://corporate.apollotyres.com/press-
media/news/dvtk/?subsection=Announcements
• https://corporate.apollotyres.com/press- • Apollo Tyres is the world's 17th biggest tyre manufacturer
media/news/hungary-greenfield- • Apollo Tyres currently sells Apollo and Vredestein branded tyres in Europe. The company currently operates
inaugurated/?subsection=Announcements two tyre factories in Europe; in The Netherlands and in Hungary
• https://india.jdpower.com/business/press-
• It gets 69% of its revenues from India, 26% from Europe and 5% from other geographies
releases/2018-india-original-equipment-tire-customer-
satisfaction-index-tcsi-study • JD Power 2018 India Original Equipment Tyre Customer Satisfaction Index Study ranked Apollo tyres
• https://www.ibef.org/industry/autocomponents- highest in the small car segment and #2 in the midsize cars or sedan segment. The Company also
india/showcase/apollo-tyres received a 5-star Power Circle Ratings from JD Power for both small and midsize cars.
• https://www.ibef.org/news/tyremakers-in-india-line-
up-aggressive-capacity-expansion-plans
• Apollo Tyres' campaign for two-wheeler radials aims at reaching out to the biking enthusiasts
• https://corporate.apollotyres.com/responsibility/proj
ects/
• https://corporate.apollotyres.com/press-
media/news/alpha-
campaign/?subsection=Announcements
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