{"id":823,"date":"2016-05-17T10:23:57","date_gmt":"2016-05-17T04:53:57","guid":{"rendered":"http:\/\/tyremarket.com\/tyremantra\/?p=823"},"modified":"2023-07-27T16:33:59","modified_gmt":"2023-07-27T11:03:59","slug":"news-2016-apollo-tyres-expects-high-returns-fy17-market-recovers","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/news-2016-apollo-tyres-expects-high-returns-fy17-market-recovers\/","title":{"rendered":"Apollo Tyres expects high returns in FY17 as market recovers"},"content":{"rendered":"<p>With Europe operations signalling a settle down and their manufacturing plant producing extra volumes of <strong>radial tyres<\/strong>, Apollo Tyres will probably witness a notable improvement in the ongoing financial year with respect to its revenue growth. Earlier, due to capacity restraints, the Gurgaon-based company\u2019s revenue growth in the FY16 saw a dip of 8 percent. Moreover, in the ongoing financial year, the concern will get resolved as the new Chennai facility goes fully functional. The company, one of the largest tyre makers in India, seems confident to register a double-digit revenue growth as they bank upon the recovery in the domestic as well as European operations.<\/p>\n<p>At a time when the threat of cheaper Chinese tyres is hovering overhead, the tyre magnate\u2019s <strong>Truck and Bus Radial (TBR) tyre<\/strong> plant in Chennai is operating to its full capacity, which indicates that the capacity addition will churn-out revenue growth this fiscal. Apollo enjoys 25 percent market share in the TBR category. And with an investment of Rs 2700 crore, the company will increase the TBR capacity to 12000 units\/day. Compared to the previous fiscal where it produced 4.3 lakh tonnes, in the coming FY17 and FY18, the firm is projected to manufacture 4.8 lakh tonnes and 5.3 lakh tonnes respectively.<\/p>\n<p>The domestic volume surge will be backed by the tyre maker\u2019s foray into the <strong>two-wheeler market<\/strong>. The European operations accounting for 28 percent of the revenue are steadily recovering after a rare issue of SAP enterprise software application implementation that affected the volume growth.<\/p>\n<p>The company suffered a drop of 4.8 percent in the operating margins in March quarter of its European operations. However, the SAP application problem is resolved now and their new plant in Hungary commences early next year. This will aid the company to serve the large Europe-based auto giants like Mercedes Benz, Volkswagen and Audi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With Europe operations signalling a settle down and their manufacturing plant producing extra volumes of radial tyres, Apollo Tyres will probably witness a notable improvement&#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":[459,458,457,453,441,385,390],"class_list":["post-823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-apollo-tyre-returns","tag-apollo-tyres-2017","tag-apollo-tyres-growth","tag-apollo-tyres-news","tag-tyre-brands-in-india","tag-tyre-industry-india","tag-tyre-industry-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 Expecting High Returns In FY17 As Market Recovers<\/title>\r\n<meta name=\"description\" content=\"Apollo tyres seems confident to register a double-digit revenue growth as they bank upon the recovery in the European operations. 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Tyre Industry India 2017!\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.tyremarket.com\/tyremantra\/news-2016-apollo-tyres-expects-high-returns-fy17-market-recovers\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Tyremarket : Tyre News, Review &amp; Guide\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/tyremarketindia\" \/>\r\n<meta property=\"article:published_time\" content=\"2016-05-17T04:53:57+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2023-07-27T11:03:59+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.tyremarket.com\/tyremantra\/wp-content\/uploads\/2016\/08\/apollo_tyres_logo-Cropped-e1472295625225.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"729\" \/>\r\n\t<meta property=\"og:image:height\" content=\"410\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"Ankit verma\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@tyremarketindia\" \/>\r\n<meta name=\"twitter:site\" content=\"@tyremarketindia\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ankit verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-apollo-tyres-expects-high-returns-fy17-market-recovers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-apollo-tyres-expects-high-returns-fy17-market-recovers\\\/\"},\"author\":{\"name\":\"Ankit verma\",\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/#\\\/schema\\\/person\\\/622e94976c8daee44e969fe0577d2380\"},\"headline\":\"Apollo Tyres expects high returns in FY17 as market recovers\",\"datePublished\":\"2016-05-17T04:53:57+00:00\",\"dateModified\":\"2023-07-27T11:03:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-apollo-tyres-expects-high-returns-fy17-market-recovers\\\/\"},\"wordCount\":312,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-apollo-tyres-expects-high-returns-fy17-market-recovers\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/wp-content\\\/uploads\\\/2016\\\/08\\\/apollo_tyres_logo-Cropped-e1472295625225.jpg\",\"keywords\":[\"Apollo tyre returns\",\"Apollo tyres 2017\",\"Apollo tyres growth\",\"Apollo tyres news\",\"Tyre brands in india\",\"tyre industry india\",\"Tyre Industry News\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-apollo-tyres-expects-high-returns-fy17-market-recovers\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-apollo-tyres-expects-high-returns-fy17-market-recovers\\\/\",\"url\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-apollo-tyres-expects-high-returns-fy17-market-recovers\\\/\",\"name\":\"Apollo Tyres Expecting High Returns In FY17 As Market Recovers\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-apollo-tyres-expects-high-returns-fy17-market-recovers\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-apollo-tyres-expects-high-returns-fy17-market-recovers\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/wp-content\\\/uploads\\\/2016\\\/08\\\/apollo_tyres_logo-Cropped-e1472295625225.jpg\",\"datePublished\":\"2016-05-17T04:53:57+00:00\",\"dateModified\":\"2023-07-27T11:03:59+00:00\",\"description\":\"Apollo tyres seems confident to register a double-digit revenue growth as they bank upon the recovery in the European operations. 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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\\\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Apollo Tyres Expecting High Returns In FY17 As Market Recovers","description":"Apollo tyres seems confident to register a double-digit revenue growth as they bank upon the recovery in the European operations. 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