Apollo Tyres Limited is an Indian multinational tyre manufacturing company headquartered in Gurugram, Haryana. It was incorporated in 1972, and its first plant was commissioned in Perambra in Thrissur, Kerala. Apollo Tyres is one of the leading tyre manufacturers in the world. Apollo Tyres Ltd is an international tyre manufacturer and the leading tyre brand in India. It is built around the core principles of creating stakeholder value through reliability in its products and dependability in its relationships.
Headquartered in Gurgaon, India, the company has a turnover of US$ 2.3 billion and ranks among the global top 20 tyre makers. Apollo Tyres has 15,457 total employees. The company has established itself as a trusted brand serving customers across more than 100 countries through its comprehensive distribution network.
The company has a total of seven manufacturing units -- 5 in India and 1 each in the Netherlands and Hungary. Its largest operations are in India and comprises five tyre manufacturing plants, two located in Cochin and one each at Vadodara, Chennai and Andhra Pradesh and various sales and marketing offices spread across the country.
The company currently operates two tyre factories in Europe; in the Netherlands and in Hungary. The Enschede plant was acquired from Vredestein, the newly built facility southeasterly from Gyöngyöshalász was inaugurated for production on 7 April 2017. The company generates 69% of its revenues from India, 26% from Europe and 5% from other countries.
The company's strategic expansion includes a new factory in Andhra Pradesh, where the Chief Minister of Andhra Pradesh, N Chandrababu Naidu laid the foundation stone for Apollo Tyres' ₹1,800-crore tyre factory in Andhra Pradesh. The plant will come up over a 200-acre site in Chinnapanduru village near Sri City in Tirupati district and produce passenger car radial (PCR) tyres with an initial capacity of 55 lakh (5.5 million) tyres per year.
The company markets its products under its two global brands – Apollo and Vredestein, and its products are available in over 100 countries through a vast network of branded, exclusive and multi-product outlets. The product portfolio of the company includes the entire range of passenger car, SUV, MUV, light truck, truck-bus, two-wheeler, agriculture, industrial, specialty, bicycle and off-the-road tyres, and retreading material and tyres.
The company is one of India's largest tyre manufacturers in terms of revenue. It is a prominent player in the domestic truck and bus radial (TBR), truck and bus bias, and passenger car radial (PCR) tyre segments. It had a 28%-29% market share in the truck and bus segment and around 20% in the PCR segment in FY24.
Apollo Tyres has a Market Cap of ₹28,433 Crore (down -16.4% in 1 year) with Revenue of ₹26,123 Cr and Profit of ₹1,121 Cr. Consolidated revenues from operations across geographies for the full year FY25 grew 3% to close at Rs 26,123 crores; for the 4th quarter also, the revenue was up 3% at Rs 6,424 crores.
**Key Financial Highlights:**
- The Board recommended a dividend payout of Rs 5.00 per equity share (500%), on face value of Re 1 each for FY25
- Apollo Tyres Ltd's revenue jumped 4.87% since last year same period to ₹6,936.22Cr in the Q3 2024-2025
- Apollo Tyres Ltd's net profit fell -32.09% since last year same period to ₹337.25Cr in the Q3 2024-2025
- Company has a low return on equity of 10.1% over last 3 years
- Promoter Holding: 37.4%
Apollo Tyres was assigned ESG rating of 63 for FY 2023-24 by NSE Sustainability Ratings. Apollo Tyres has been recognised as the 'Best Company To Work For' both in Asia and Europe in the recent past, and has won several accolades for its HIV-AIDS awareness and prevention initiative for the trucking and allied communities, and for its Waste Management initiatives in the community.
Commenting on the company's performance, Onkar Kanwar, Chairman, Apollo Tyres Ltd said "We acknowledge that our performance over the past few quarters has not met industry benchmarks and our own expectations. After a thorough internal review, we have identified the key challenges that contributed to this underperformance. With targeted strategies now in place to address these issues, we are confident in our ability to deliver stronger results in the coming quarters."
The company continues to focus on innovation and technology advancement, with its Global R&D Centre in Enschede, the Netherlands, and a Global R&D Centre, Asia in Chennai, India. It implemented an advanced manufacturing execution system (AMES) across all its plants and operations.
Apollo Tyres remains committed to its growth strategy while addressing operational challenges and maintaining its position as a leading player in the global tyre industry. The company's diverse product portfolio, strong brand presence, and strategic manufacturing locations provide a solid foundation for future growth in both domestic and international markets.
