Create stable, long-term investment portfolio with strong, consistent stocks.
Start Research-backed Investing ...Now.
Worth Seeing!
Invest in Cases Systematically - Every stock is handpicked
Start Buying Now
Start Buying Now
Apollo Tyres will increase production capacity in the country by over 50% as it looks to enter the top-10 global tyre makers' club in the next five years. In line with its plans, the company is also looking to almost double its exports in the next fiscal.
Its production capacity will go up by over 50 per cent to around 1,600 tonne a day after the Chennai plant reaches terminal capacity by first quarter of next fiscal. The company, which has a total production capacity of about 950-1,000 tonnes a day in its three plants in
The Rs 2,000 crore Chennai plant will go on stream from the beginning of next month. It will have an installed capacity of 400 tonne a day, which will translate into 14,000 units of radial tyres, including 8,000 units of passenger car and 6,000 units of truck and bus radials.
Apollo Tyres is also looking at increasing its supply of car radials to original equipment manufacturers (OEMs). It plans to supply 50 per cent of the upcoming Chennai plant's output to OEMs and the rest in the after-market.
Apollo Tyres is also firming up plans to nearly double its exports by next fiscal. Currently exports constitute around 10-12 per cent of its Indian production. Its aim is to increase the share to 20 per cent by next fiscal.
Besides, the tyre maker is also planning to begin imports from Netherlands-based subsidiary Vredestein Bandan tyres from the first quarter of 2010-11. Vredestein mostly caters to a niche market for tyres above 15 inches in the sports utility vehicles segment. Apollo Tyres acquired the Dutch company that has a plant with an annual production capacity of 55 lakh units, in May this year. Apollo Tyres has also tied up with German car maker Volkswagen to supply tyres for the upcoming small car Polo, to be launched in
| Company Name | CMP |
|---|---|
| MRF | 128885.20 |
| Apollo Tyres | 492.45 |
| CEAT | 2434.30 |
| Balkrishna Inds. | 2798.95 |
| JK Tyres & Inds. | 403.50 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
