BenjaminAgnes - China Automobile Expert-CNAUTO

Considering the current extremely low sales in this category, the company plans to develop motorcycle electric tires next. Apolloo is headquartered in Gurgaon Tires expects to increase sales to $5,010 million by fiscal 2026, and its domestic and international sales remain strong despite fears of an inflation-induced recession. To capitalize on the growth opportunity, the company plans to launch Apolloolo and Vrestein branded tires for electric vehicles. Satish Sharma, president, Asia Pacific, Middle East and Africa, Apollo Tyres, told The Economic Times that electric vehicles (EVs) are expected to accelerate in the coming years. As a result, the company is working hard to meet the demand from both passenger car and two-wheeler segments. Sharma said, “It is widely believed that the electric two-wheeler segment will grow the fastest, while scooters in the bus segment will grow the fastest, followed by motorcycles.” By the end of this century, the policy framewor...

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Tyre

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Const machinery & Agro equipment

Apollo Tyres expects to meet $5-billion revenue target by 2025-26