{"id":6755,"date":"2018-08-28T14:54:02","date_gmt":"2018-08-28T09:24:02","guid":{"rendered":"https:\/\/www.tyremarket.com\/tyremantra\/?p=6755"},"modified":"2018-08-29T15:09:07","modified_gmt":"2018-08-29T09:39:07","slug":"apollo-aims-mrf-upcoming-1-billion-investment-plan","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/apollo-aims-mrf-upcoming-1-billion-investment-plan\/","title":{"rendered":"Apollo Aims At MRF With Its Upcoming $1 Billion Investment Plan"},"content":{"rendered":"<h2><span style=\"font-size: 12pt;\"><b>The company is a leader in the sales of commercial vehicle tyres in India and intends to dethrone MRF in the passenger radial tyre segment as well.<\/b><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-824 size-full\" src=\"https:\/\/www.tyremarket.com\/tyremantra\/wp-content\/uploads\/2016\/08\/apollo_tyres_logo-Cropped-e1472295625225.jpg\" alt=\"apollo tyres news\" width=\"729\" height=\"410\" \/><\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/www.tyremarket.com\/Car-Tyres\" target=\"_blank\" rel=\"noopener\">BUY APOLLO TYRES ONLINE<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"http:\/\/www.tyremarket.com\/tyremantra\/tyre-brand-history\/\" target=\"_blank\" rel=\"noopener\">Apollo Tyres Limited<\/a> has planned a major expansion strategy of $1 billion investment capital with an eye to capture MRF&#8217;s passenger cars tyre market dominance. Apollo is already the largest player in the commercial vehicle tyre space in India and is rapidly gaining popularity in the passenger car segment as well. The company achieved 6 percent growth compared to previous FY in March 2018, with an annual revenue of Rs 14,929 crore. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With its new plan, Apollo is pegged to surpass the Rs 20,000 crore milestone by the year 2020. The investments will also focus on the global intensification of the brand, and a better stronghold in markets such as North America. However, its plan currently doesn&#8217;t include two-wheeler tyres expansion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company will invest in the creation of a brand new manufacturing facility in Andhra Pradesh and will swell the production capacity of its unit in Hungary to strengthen its position in the European market. Currently, the company is also on the verge of becoming OEM tyre supplier of Ford, BMW and Volkswagen in Europe. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an interview with ET, managing director Mr. Neeraj Kanwar said, &#8220;Our vision for 2020: we want to be a clear leader in all the product categories in India \u2014 in the farm, passenger, truck, SUV \u2013 and we are looking at price as well as volume leadership \u2013 that is our target. As far as Europe is concerned, we want to be a premium tyre maker and we are slowly but surely moving into that position.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speaking of the investment, Rs 3,800 crore will be pumped to the Andhra Pradesh plant. This will be creating a capacity of 15,000 radial tyres and 3,000 truck tyres every day once it goes into action by the first quarter of 2020. On the other hand, the Chennai facility will see a boost in its current capacity of 10,000 units to 12,000 units per day.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apollo expects these investments to charge up its current market share that stands at 30 percent in the commercial trucks and buses segment. Whereas, its passenger tyres market shares hover around 19-20 percent. The company&#8217;s growth is heavily surfing on the Indian automotive market boom as it is the OEM tyre supplier to many vehicle manufacturers in the country.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company is a leader in the sales of commercial vehicle tyres in India and intends to dethrone MRF in the passenger radial tyre segment&#8230;<\/p>\n","protected":false},"author":4,"featured_media":824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Apollo Tyres Aims At MRF With Its Upcoming $1 Billion Investment<\/title>\r\n<meta name=\"description\" content=\"Apollo tyres 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As of today I\u2019m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.\",\"sameAs\":[\"http:\\\/\\\/tyremarket.com\"],\"url\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/author\\\/ankit_verma\\\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Apollo Tyres Aims At MRF With Its Upcoming $1 Billion Investment","description":"Apollo tyres is a leader in the sales of commercial vehicle tyres in India and intends to dethrone MRF in the passenger radial tyre segment as 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When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I\u2019m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.","sameAs":["http:\/\/tyremarket.com"],"url":"https:\/\/www.tyremarket.com\/tyremantra\/author\/ankit_verma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/posts\/6755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/comments?post=6755"}],"version-history":[{"count":3,"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/posts\/6755\/revisions"}],"predecessor-version":[{"id":6758,"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/posts\/6755\/revisions\/6758"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/media\/824"}],"wp:attachment":[{"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/media?parent=6755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/categories?post=6755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/tags?post=6755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}