Tyres is aiming for leadership in the premium two-wheeler segment in India, and
service the global markets with high-end bias and steel radial tyres. The
premium segment constitutes nearly 20% of the two-wheeler market in India and
is the fastest growing one. This segment is witnessing an increasing shift and
growth due to rapid urbanisation, rising consumer income levels and increasing
young population, which is driving the demand for tyres as well in this
is the largest two-wheeler market in the world, and still has a headroom for
further growth. In the current pandemic era as well, there is demand coming in
as people are moving away from shared/public transport and gradually moving to
own a personal vehicle, including a two-wheeler, further driving the demand for
tyres in this category.
Kanwar, Vice Chairman and MD, Apollo Tyres Ltd, said, “We are aiming for a
strong foothold in the high-value, highly profitable premium motorcycle tyre
market, which caters to the top 20% of motorcycle market in India, and the
entire Europe and Americas market. We now have a global portfolio of high-end
bias and steel radial tyres for the two-wheeler segment, which will be produced
at our highly advanced and futuristic facility in Vadodara, Gujarat.”
service this growing segment, Apollo Tyres formally inaugurated a dedicated
commercial facility to manufacture two-wheeler radial and cross ply tyres. The
plant was inaugurated virtually by the Chairman, Onkar S Kanwar, while Neeraj
Kanwar and other Supervisory Board members of the Company also joined on this
occasion, along with select Business Partners.
over more than 10,000 square metre area, this two-wheeler tyre manufacturing
unit is housed within Apollo Tyres’ Limda plant in Vadodara, in the western
Indian state of Gujarat. This facility, which has an initial capacity to
produce 30,000 motorcycle radials and 60,000 motorcycle cross ply tyres per
month, will cater to the premium segment of the two-wheeler industry. With a
modular layout of the facility, the capacity can be replicated easily, as the
into the two-wheeler tyre business in 2016, Apollo Tyres became India’s first
company to launch zero degree steel radial tyres, a global gold standard for
motorcycle tyres, and now commands a double-digit market share in this segment.
Source: Apollo Tyres
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