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Apollo Tyres establishes regional hub for its Middle East operations

10 Jun 2011 Evaluate

Apollo Tyres, India's leading tyre manufacturer has opened its first regional office for the Middle East in Dubai. The company plans to invest around $1.5 million annually starting this year for making Dubai its operational hub for the Middle East markets.

Dubai has traditionally been one of Apollo’s strongest export markets, out of India, accounting for about 30% of export revenues. The company already has a distribution network in the Middle East, spanning 14 countries and 23 Business Partners. The Middle East also has infrastructure and tyre usage very similar to India’s, which is why Apollo’s products have always enjoyed high acceptance in the region.

The company’s net profit for the fourth quarter has plummeted by 43.03% at Rs 66.19 crore as compared to Rs 116.18 crore for the corresponding quarter previous year. Its total income has increased by 34.59% at Rs 1778.68 crore for the quarter under review from Rs 1321.59 crore in the corresponding previous quarter.

Apollo Tyres Share Price

445.30 1.55 (0.35%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 139772.66
Apollo Tyres 445.30
CEAT 3713.55
Balkrishna Inds. 2329.80
JK Tyres & Inds. 428.30
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