In this edition, we take a look at Indian tyre major Apollo Tyres and how it is gearing up to be among the top three global tyre makers in terms of profitability in the next 3-5 years. Neeraj Kanwar shares his vision of Apollo 2.0.
Apollo Tyres, the North India-based tyre maker, has gone about its business in a sure-footed way to the top of the growing Indian tyre market. Along the way, the company made the key strategic acquisitions of Dunlop and Vredestein overseas to branch out.
If the decades of 2000 to 2020 were about building the brand, growing the volumes and market share, the company pivoted to the profitability path post-COVID. More recently, it has charted its new vision 2.0, which aims to build on two critical pillars — going global and building profitability.
Another company that has championed profitability in the Indian auto market in recent years is Toyota Kirloskar. We have a story about the maker of Innova and its rise on the profitability chart.
There are write-ups on JSW M G Motor India’s next big bet on Windsor and how it aims to make ‘Battery As A Service’ or BAAS model a critical enabler to drive the transition to EVs and carve a space for itself as a serious player in the market.
We also deep dive into the rise of Mahindra in the mini truck segment to capture almost 50% of the market.
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