Apollo Tyres, plans to reach $5 billion in revenue and achieve over 15% profit by 2025-26. The company’s current revenue is $3.4 billion with a profit margin of 17.5%. They have also increased their premium tyre sales to 36%.
Apollo Tyres is adopting new technologies to improve its manufacturing and logistics. In FY24, the company has introduced cloud-based cyber technologies, including an Advanced Manufacturing Execution System (AMES) and a Digital Maintenance platform, to enhance production efficiency. They also plan to upgrade their supply chain with new digital tools and cybersecurity measures.
By FY26, Apollo Tyres aims to implement Industry 4.0 technology to further enhance manufacturing. This includes focusing on new tyre technologies such as performance monitoring sensors, noise reduction, and improved mobility.
In the coming year, the company will work on developing eco-friendly tyres using recyclable materials and energy-efficient technology, supported by AI-driven testing and materials development. This effort is expected to boost their market position globally.
For the Indian market, Apollo Tyres will focus on premium pricing and strengthening the Vredestein brand by FY25. By FY26, they plan to improve their brand image with better retail experiences and an integrated online and offline presence. In Europe, the company will work on increasing market share and improving customer satisfaction. They also aim to enhance their product range and use AI to advance HR practices with a focus on inclusivity and diversity.
Apollo Tyres is a prominent Indian tyre manufacturer known for its extensive range of tyres for passenger cars, commercial vehicles, and two-wheelers. Founded in 1972, the company has established itself as a leading player in the global tyre market with a strong presence in over 100 countries.
Apollo Tyres is committed to innovation and sustainability, consistently investing in research and development to produce high-quality, eco-friendly products. The company’s focus on technological advancements, customer satisfaction, and strategic expansions has helped it achieve significant growth and maintain a competitive edge in the industry.
