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Apollo Tyres Limited: Business Overview, Financials & Competitive Analysis

Apollo Tyres Limited scores 7/10 on the AskCyborg Cyborg Score (Strong). Strong India-led growth trajectory with improving margins, favorable debt reduction, and strategic capacity expansion positioning Apollo for sustained market share gains. Apollo Tyres achieved record quarterly revenue with consolidated EBITDA margin improving to 15.3% from 13.7% year-on-year. Net debt halved to INR 13 billion, dropping net debt-to-EBITDA to 0.4x.

What is Apollo Tyres Limited's industry? Apollo Tyres Limited (apollotyres.com) operates in Automotive Tyres & Rubber Manufacturing. AskCyborg classifies Apollo Tyres Limited under Automotive Tyres & Rubber Manufacturing in its company registry.

Apollo Tyres Limited was incorporated in 1972 and is headquartered in Gurugram, India. The company manufactures and sells automotive tires, tubes, and flaps globally, offering commercial and passenger vehicle tyres, t...

7/ 10Strong

Cyborg Score thesis

Strong India-led growth trajectory with improving margins, favorable debt reduction, and strategic capacity expansion positioning...

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Industry Automotive Tyres & Rubber Manufacturing
4 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: September 14, 2026
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AskCyborg analysts argue the bull and bear cases for Apollo Tyres Limited across 11 stress-tested dimensions. Listen on your commute -- faster than reading the 30-page report.

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What's in This Report
Apollo Tyres Limited OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Apollo Tyres Limited Overview

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Apollo Tyres Limited was incorporated in 1972 and is headquartered in Gurugram, India. The company manufactures and sells automotive tires, tubes, and flaps globally, offering commercial and passenger vehicle tyres, two-wheeler and industrial tyres under the Apollo Tyres and Vredestein brands. Apollo Tyres posted its highest ever quarterly revenue in Q3, with consolidated revenue rising nearly 12% year-on-year to INR 77.4 billion.

Strategic Profile

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As of 2024, the company generates 87% of its revenues from India, 11% from Europe and 2% from other countries. The company is closing its Netherlands plant by June 2026 and transitioning production to Hungary and India, a restructuring expected to lift European profitability in the second half of FY '27. Apollo Tyres approved capacity expansion at its Andhra Pradesh plant, adding 3.7 million PCR tyres and 1.3 million TBR tyres annually by end of FY2029, with capex of approximately Rs 5,810 crore funded through internal accruals and debt.

Competitive Landscape

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Apollo Tyres Ltd belongs to the Consumer Discretionary sector & Tires & Rubber sub-sector. The company competes against major global tyre manufacturers including MRF, CEAT, JK Tyre in India and international players like Michelin, Goodyear in global markets. Apollo's dual-brand strategy (Apollo Tyres and Vredestein) allows portfolio segmentation across mass-market and premium segments. The India market remains growth-oriented with strong OEM and replacement demand, while European operations face structural headwinds being addressed through manufacturing optimization.

Industry Context

Apollo Tyres Limited operates in Automotive Tyres & Rubber Manufacturing.

Key facts

Founded: 1972 · Headquarters: Gurugram, India · Revenue: $3.3B · Market cap: $3.4B

What the analysts stress-tested

The top findings that survived the multi-agent debate for Apollo Tyres Limited.

  • India operations saw 13% revenue increase and significant EBITDA margin jump to 14.5%, driven by robust demand with mid-teen volume growth across OEM, replacement, and export segments.
  • BCCI cricket team jersey sponsorship significantly boosted Apollo's brand visibility, especially in rural and consumer tyre segments, with management seeing positive impact on brand recall and business outcomes.
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Recent developments

Material events tracked by the AskCyborg corpus.

  • February 2026Announced interim dividend of Rs 3.50 per equity share with February 10 record date.
  • February 2026Approved capacity expansion at Andhra Pradesh plant to add 3.7 million PCR and 1.3 million TBR tyres annually by end of FY2029.
  • +1 moreTrack every material event for Apollo Tyres Limited as it happens. Explore monitoring →
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Passenger & Commercial TyresIndia-based competitor with strong domestic market presence→Automotive TyresDomestic competitor with focus on replacement and OEM segments→Automotive TyresDomestic competitor with comparable product portfolio→Premium TyresPremium brand portfolio for high-performance segments→

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Industry context

Apollo Tyres Limited operates in Automotive Tyres & Rubber Manufacturing. See how the rest of the sector scores on the Cyborg framework.

Browse Automotive Tyres & Rubber Manufacturing research →
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Frequently asked questions

What does Apollo Tyres Limited do?+
Apollo Tyres Limited was incorporated in 1972 and is headquartered in Gurugram, India. The company manufactures and sells automotive tires, tubes, and flaps globally, offering commercial and passenger vehicle tyres, t...
What is Apollo Tyres Limited's Cyborg Score?+
Apollo Tyres Limited has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Apollo Tyres Limited's main competitors?+
Named competitors include Passenger & Commercial Tyres, Automotive Tyres, Automotive Tyres, Premium Tyres. The full competitive landscape is in the AskCyborg report.
How can I get the full Apollo Tyres Limited research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Apollo Tyres Limited research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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