Apollo Tyres has resumed operations at its manufacturing plant located at Oragadam near Chennai. The company only had production loss/consequential loss of profit which is not significant. So far, the company has lost 10 shifts production (1,500 MT approximately). The firm would be able to assess the insurance loss in due course, once full normalcy is restored.
Apollo Tyres had suspended operations at the respective plant due to flooding caused by the heaviest rainfall in Chennai in over a century.
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.
