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Apollo Tyres achieves normalcy in production at two plants in Kerala

05 Sep 2018 Evaluate

Apollo Tyres has almost attained normalcy in production of the company's plants located at Perambra and Kalamassery, after facing disruption due to floods in Kerala. There is no damage to equipment or property, and all the company’s employees are safe and secure. The production loss due to this natural calamity is approximately 3000 MT. However, consequential loss of profit is not significant. The production loss due to natural calamity is adequately covered under the Insurance Policy of the company.

Apollo Tyres is one of the leading tyre manufacturers in India with its product portfolio spread across tubeless and tube type tyres for cars, suvs, trucks, buses etc.

Peers
Company Name CMP
MRF 125528.60
Apollo Tyres 411.80
JK Tyres & Inds. 349.55
Ceat 3468.20
Balkrishna Inds. 2267.75
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