Apollo Tyres is building a complete team of sales and service personnel to service the Malaysian customers.
His elder son Raaja runs a clutch of businesses in the logistics and international trading space, and his younger son Neeraj Kanwar is vice-chairman and managing director of Apollo Tyres. This will be gradually expanded over time to include Apollo's entire range currently sold in India including truck bus radial agriculture and off-highway tyres if and when needed. Financial Reporting Shareholders Information
Outside India the company has a manufacturing facility each in The Netherlands and Hungary.The company was incorporated on September 28 1972. Leveraging on the very latest developments in terms of construction and material technologies the Aspire XP combines outstanding levels of on-road comfort with a high degree of safety. Family disputes are not new at Apollo Tyres Ltd. (ATL) or for its Chairman and Managing Director Onkar Singh Kanwar. Find information about Careers Opportunities, Investor Reports and the latest press releases.
The company was promoted by Bharat Steel Tubes, Ltd., Raunaq International Pvt.
Singh’s petition, filed with the southern bench of the Company Law Board (CLB), says: “The affairs of the company are being conducted in a manner so as to deceive the shareholder and the funds of the company are being utilised for ulterior and illegal purposes to make investment in such a manner that the control of Apollo Tyres is concentrated in a few hands, i.e. The ASEAN region has gradually become one of Apollo's strongest export markets out of India accounting for more than 40% of exports revenue.On 12 June 2013 Apollo Tyres and Cooper Tire & Rubber Company (NYSE: CTB) announced the execution of a definitive merger agreement under which a wholly-owned subsidiary of Apollo will acquire Cooper in an all-cash transaction valued at approximately Rs 14500 crore. Ltd., Raunaq & Co. Pvt. Apollo Tyres - Buy Apollo Tyres online in India at best price. Featuring a total line-up of 52 SKUs the Aspire XP replaces Apollo's range of Aspire 4G and Apterra HP tyres.Copyrights © 2020 Business Standard Private Ltd. All rights reserved. During the year 2007-08 they increased the production capacity of Automobile Tyres by 836620 Nos. It has also become the first and only manufacturer to launch its TBR range exclusively online with a new go-to-market approach.On 18 July 2017 Apollo Tyres announced the launch of its two-wheeler tyres in Sri Lanka. Several of the Apollo's hospitals have been among the first in India to receive international healthcare accreditation by the America-based Joint Commission International (JCI). Reifencom GmbH has an online presence in 6 countries -- Germany France Italy Austria Switzerland and Denmark. Also they increased the production capacity of Automobile Tyres and Automobiles Tubes by 1283560 Nos and 414000 Nos respectively and in the next year they further increased the production capacity by 1466432 Nos and 1567200 Nos respectively.During the year 2005-06 the company incorporated a wholly owned subsidiary company Apollo (Mauritius) Holdings Pvt Ltd in Mauritius and they also formed Apollo Automotive Tyres Ltd and Apollo Radial Tyres Ltd as wholly owned subsidiaries of the company. Initially Apollo Tyres will focus on passenger vehicle and cross-ply truck and light truck tyres. The company is targeting a bigger share of the pie in the Malaysian replacement tyre market which has an annual capacity of 580000 truck-bus radials and 9.5 million passenger car tyres. These premium tyres would be sold through multi-branded outlets including existing Apollo Zones.On 26 February 2014 Apollo Tyres announced its entry into the growing Qatar market in the Middle East region. They are the first Indian tyre company to launch exclusive branded outlets for truck tyres and also the first Indian company to introduce radial tyres for the farm category. His eldest child is his daughter Shalini who lives in Singapore. The planned capacity of the Greenfield project is expected to be 16000 passenger car tyres per day and 3000 Truck Bus Radial Tyres per day.On 13 December 2014 Apollo Tyres announced the launch of the dual branded Apollo & Manchester United tyres in Thailand. Apollo Tyres currently has four manufacturing facilities in India -- two (including a leased facility) in the rubber-producing state of Kerala and one each in Gujarat and Tamil Nadu. They are the first Indian tyre company to launch exclusive branded outlets for truck tyres and also the first Indian company to introduce radial tyres for the farm category. The combined company will be the seventh-largest tire company in the world and will have a strong presence in high-growth end-markets across four continents.
They started their production in the year 1977 at Perambra in Kerala.
Also the company realigned their relationship with Michelin and exited from the joint venture company Michelin Apollo Tyres (P) Ltd.The company increased the production capacity of Automobiles Tyres and Automobile Tubes by 1045632 Nos and 1379360 Nos respectively during the year 2005-06 and they further increased the production capacity by 888340 Nos and 218440 Nos during the next year. Apollo Tyres Ltd. was incorporated on 28 September 1972 as a Public Limited Company and obtained certificate of Commencement of Business on 24 October, 1972.