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Last Updated on December 28, 2020
Implementing Partners
Thematic Areas
Sector : Tyres
International Origin : No
Company Type: Exchange Listed (BSE,NSE)
CSR Financial Details (INR Cr.)
Financial Insights
Estimated Prescribed CSR Budget FY 2020-21: INR 15.03 Cr
About the company
Apollo Tyres Ltd is the world's 7th biggest tyre manufacturer, with annual consolidated revenues of ₹172.76 billion (US$2.46 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. In November 2016, the company signed a MoU with the Government of Andhra Pradesh to set up a new factory in Andhra Pradesh to manufacture tyres for two-wheelers and pick-up trucks. The company's second plant in Europe, was inaugurated by the Hungarian Prime Minister, Viktor Orban, in April 2017. Apollo Tyres opens its first service centre in Malaysia
Apollo Tyres Foundation
The clear objective of all CSR activities is to have a positive impact on everyday lives of key stakeholders and on business. Unless the same is achieved, it will not lend itself to sustainability. The CSR programmes and activities are aligned to national and international development goals, in particular related to Health & Environment. CSR activities in India are routed are routed through the Apollo Tyres foundation (registered in 2008).
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