Apollo Tyres all set to open unit in Hungary by next year: Report

Apollo Tyres is reportedly all set to roll out first tyre from its Hungary Greenfield project by first quarter of 2017. With strong cost advantages through the new unit, the company is hoping to take on global giants on their own turf in Europe. With the plant, the company will be able to serve the European market with a larger product portfolio.

The company is engaging with leading OEMs in Europe and will also leverage its Original Equipment Manufacturer (OEM) associations in India. To make an entry in the OEM market, the company has opened a new R&D office in Frankfurt, to be closer to its customers in the region.

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.