ArleneClark - China Automobile Expert-CNAUTO

Apollololo Medium Term Agency Tires set a timely revenue target of 50 (core $366 billion (core $366 billion) Rs 100 crore per annum up from Rs 1173.3 crore in FY211. Gurgaon-based Apollo Tyres said demand for various products has rebounded sharply since the state government eased the regional blockade earlier in June this year. However, demand from commercial vehicle manufacturers is slowing down and growth is expected to resume in the coming quarters. “In terms of the demand environment, the impact of the second wave of the epidemic and blockade has been the biggest this month. since May, we have seen a strong recovery in demand for various products. Onkar Kanwar, Chairman, Apollo Tyres According to The Economic Times, the OEMs have been the slowest to recover and are expected to take a quarter to accelerate. He further added that despite the absence of Apollo Tyres, the company is seeing good momentum in a variety of replacement parts segments. “For FY22, we had pre...

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Demand bounces back across product categories since easing of localised lockdowns: Apollo Tyres