ClaudePenn - China Automobile Expert-CNAUTO

A year ago, investors questioned Apollo Tire’s $2.51 billion bid as a reckless takeover by Cooper Tire. The deal fell through. But Apollo Tire’s share price has nearly doubled in the past year. ET finds out what is happening to the Kanwar family. Ambition is hard to control. Using Apollo Tires Kanwars under Kanwars For example, even a 38% drop in its share price in 2013, year June to December monthly, could not kill its momentum as investors harshly criticized its decision to spend 25% to buy Cooper Tire for $ billion. /p The deal failed miserably and on December 30, 2013 was canceled. The next day, in a meeting attended by all executives, the company launched another engine of growth, including investment in a new global plant. It was decided to invest Rs 475 crore in a new plant in Hungary. This will be the company’s first newly developed plant outside India and will be able to produce up to 12 million tires for cars, trucks and heavy vehicles. Kanwar, Vice ...

Vehicles

Tyre

Auto Spareparts

Material

Const machinery & Agro equipment

Ceat to make a fresh investment of Rs 1200 crore in truck and bus plant

How Apollo Tyres made a comeback after a disastrous 2013