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Apollo Tyres to set up subsidiary in Malaysia

18 May 2015 Evaluate

In a bid to increase its global footprint and garnering total revenues of around 15 percent from exports, Apollo Tyres is planning to set up a subsidiary in Malaysia over the next two years. Besides, the Gurgaon-headquartered firm has lined up investments worth Rs 1,500 crore this year to expand capacity of its truck-bus radial (TBR) plant in Chennai from 6,000 units a day to 9,000 per day.

Apollo Tyres has set up legal entities, mainly for sales, in Bangkok for ASEAN markets; in Dubai for West Asia and north, east and west Africa; in South Africa for south African markets.

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.

 

Apollo Tyres Share Price

445.25 -0.05 (-0.01%)
20-Apr-2026 12:08 View Price Chart
Peers
Company Name CMP
MRF 139708.16
Apollo Tyres 445.25
CEAT 3802.85
Balkrishna Inds. 2307.50
JK Tyres & Inds. 424.45
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