Apollo Tyres Limited Overview
Pro stress-test →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
Pro stress-test →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
Pro stress-test →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