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Apollo Tyres
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Apollo tyres, Latest News
Apollo Tyres Ltd is the world's 7th biggest tyre manufacturer, with annual consolidated revenues of ₹146.74 billion in March 2018. It was incorporated in 1972. Its first plant was commissioned in Perambra, Thrissur, Kerala, India. The company now has four manufacturing units in India, one in Netherlands and one in Hungary. It has a network of nearly 5,000 dealerships in India, of which over 2,500 are exclusive outlets.It gets 69% of its revenues from India, 26% from Europe and 5% from other geographies.Apollo announced its entry into the two-wheeler tyre segment with contract manufacturing in March 2016.
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Apollo Tyres leadership takes pay cut to absorb impact of COVID-19
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Tyre stocks rise as government imposes CVD on Chinese tyres
Stocks of domestic tyre manufacturers rose on Tuesday after the government imposed a countervailing duty on particular type of tyres imported from China for a period of five years. ...