Apollo Tyres Inaugurates Two-wheeler Tyre Facility
Published On 16-Jul-2020 00:10:24
The facility has an initial capacity to produce 30,000 motorcycle radials and 60,000 motorcycle cross-ply tyres per month
Apollo Tyres on Wednesday inaugurated a dedicated commercial facility to manufacture two-wheeler radial and cross-ply tyres. The plant was inaugurated virtually by the Chairman, Onkar S Kanwar, while Vice Chairman and MD, Neeraj Kanwar and other Supervisory Board members of the Company also joined on this occasion, along with select Business Partners.
Spread over more than 10,000 square metre area, this two-wheeler tyre manufacturing unit is housed within Apollo Tyres’ Limda plant in Vadodara, in the western Indian state of Gujarat.
This facility, which has an initial capacity to produce 30,000 motorcycle radials and 60,000 motorcycle cross-ply tyres per month, will cater to the premium segment of the two-wheeler industry, the company said in a release.
With the new facility, the homegrown tyre maker is aiming for leadership in the premium two-wheeler segment in India, and service the global markets with high-end bias and steel radial tyres.
Commenting on the leadership drive in the premium two-wheeler segment, Neeraj Kanwar, Vice Chairman and MD, Apollo Tyres Ltd, said, “We are aiming for a strong foothold in the high-value, highly profitable premium motorcycle tyre market, which caters to the top 20% of motorcycle market in India, and the entire Europe and Americas market. We now have a global portfolio of high-end bias and steel radial tyres for the two-wheeler segment, which will be produced at our highly advanced and futuristic facility in Vadodara, Gujarat.”