Apollo Tyres’ leadership team has taken a voluntary reduction in pay to nullify the impact of Covid-19 for the company. The chairman and Vice Chairman have taken 25% voluntary reduction in their salary, while Senior Management has taken 15% pay cut in a show of solidarity due to the rapidly deteriorating market conditions caused by the COVID-19 pandemic.
The company has a diversified and multinational presence and the pay cuts will affect all senior management at the global level.
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.
