BaldwinBradley - China Automobile Expert-CNAUTO

ETMarkets.com Apollo Tires To maintain industry-leading margins, Apollo Tires is investing in India to expand high-margin products and markets as well as new service-based business models, and to maintain industry-leading margins in 2026 Fiscal year to achieve revenues of $5.1 billion. The company is launching a subscription service called Avollvel that promises to reduce the cost of tires for truck fleets by 10 to 15 percent through more efficient tire management. The company hopes to reach more than Rs. 50 crore in revenues by fiscal 2028 from this brand-agnostic platform. “In my experience, these numbers are very conservative,” said Satish Sharma, president, Asia Pacific, Middle East and Africa, Apollo Tyres. Meanwhile, Neerajj Kanwar, vice president of the company The company said it wants to maintain EBITDA margins by focusing on expanding its high-margin products, especially through its high-quality brand Vredestein. Chairman and Managing Director of the ...

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Apollo Tyres bets on service model, premiumisation to maintain margins