Apollo Tyres is expecting that the sales volume in 2011-12 for the company to grow at the rate of at least 20%. The company is further expecting the margins in October-December period to be healthier compared to July-September period. The company would have strong revenue growth going forward due to higher production at its Chennai plant.
Recently, the company was aiming to double the export of Apollo branded tyres to 100,000 pieces a month, to Europe, in a little over six months, with its newly commissioned Chennai facility. The company was planning to operate at the terminal capacity to achieve this export target.
Apollo Tyres produces the entire range of automotive tyres for ultra and high speed passenger cars, truck and bus, farm, off-the-road, industrial and specialty applications like mining, retreaded tyres and retreading material. These are produced across Apollo’s eight manufacturing locations in India, Netherlands and Southern Africa.
Company Name | CMP |
---|---|
MRF | 126930.35 |
Apollo Tyres | 479.00 |
CEAT | 2390.00 |
Balkrishna Inds. | 3048.65 |
JK Tyres & Inds. | 409.35 |
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