Apollo Tyres introduces Vredestein brand in India

Asia's Tech News Daily

Apollo Tyres, #Business, #Companies, #Vredestian

Strengthening its product offering further in the Indian market, Apollo Tyres has introduced its European tyre brand Vredestein in the country to cater to premium cars and superbike segments.

The home-grown tyre major is eyeing around 30 per cent market share in the segment over the next two years with the Vredestein range which would be locally produced from the company’s plants in Tamil Nadu and Andhra Pradesh.

The company would be selling Vredestein brand of tyres in the replacement market initially. In the later stage the company may leverage its association with global OEMs to have Vredestein ultra high performance tyres as OE fitment.

“The performance segment in both cars and bikes is gaining a lot of prominence and we believe this is the right time for us to introduce the brand in the country,” Apollo Tyres Asia Pacific, Middle East and Africa (APMEA) President Satish Sharma told.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Zee-Invesco court war: Division bench to continue hearing case on December 6

ZEEL | Representative image The division bench of the Bombay High Court headed by Justice SJ Kathawalla and Milind Jadhav has kept the Zee Entertainment and Invesco matter for further hearing ... Read more »

MYRE Capital helps investors to acquire Rs 31 crore office space in Mumbai; its AUM crosses Rs 100 crore

Representative image MYRE Capital, which facilitates investors to have fractional ownership of commercial properties, has raised Rs 31 crore from high net-worth individuals for the purchase of nearly 18,000 square ... Read more »

Canara Bank raises Rs 1,500 crore via Basel-III compliant bond

State-owned Canara Bank on Thursday said it has raised Rs 1,500 crore by issuing Basel-III compliant bonds. “Our bank came out with issuance of Rs 1,500 crore of additional tier ... Read more »

Investors richer by over Rs 5.35 lakh crore in two days of market rally

Representative image Equity investors became richer by over Rs 5.35 lakh crore in two days of market rally despite largely negative global cues amid concerns over the Omicron strain of ... Read more »

Mercedes-Benz India to hike prices of select models by up to 2% from January 2022

German luxury carmaker Mercedes-Benz India on Thursday said it will hike prices of select models by up to two per cent from January 1, 2022, to offset feature enhancement and ... Read more »

Tata Steel opens door for transgender persons in core mining operations

File image Breaking the glass ceiling, Tata Steel on Thursday onboarded 14 transgenders as Heavy Earth Moving Machinery (HEMM) operators at its West Bokaro division in Jharkhand’s Ramgarh district. The ... Read more »

Shriram City Union Finance disburses highest ever loan worth Rs 1,022 crore in November

Representative image Shriram group’s two-wheeler financing arm Shriram City Union Finance disbursed the highest ever loans worth Rs 1,022 crore in November, the company said on Thursday. Shriram City Union ... Read more »

Coal stocks improve at power plants in November, says Power Minister

Coal stocks at over 136 power plants in the country improved to 18.95 million tonne (MT) in November this year as compared to the previous two months, Parliament was informed ... Read more »

Tata Power, ama Stays & Trails tie up to set up EV charging stations

Representative image Tata Power has collaborated with ama Stays & Trails, India’s first branded homestay portfolio by Indian Hotels Company Ltd, to set up EV charging stations at over 30 ... Read more »

World food prices climb in November, stay at 10-year peak: FAO

Source: Reuters World food prices rose for a fourth straight month in November to remain at 10-year highs, led by strong demand for wheat and dairy products, the UN food ... Read more »

L&T, ReNew announce partnership for green hydrogen projects in India

File image Engineering conglomerate Larsen & Toubro on December 2 announced that it will jointly own and operate green hydrogen projects with Goldman Sachs-backed green energy producer ReNew Power. “Under ... Read more »

SBI joins hand with Adani Capital for co-lending to farmers

Country’s largest lender SBI has joined hands with Adani Capital as a co-lending partner to provide loans to farmers in the country. State Bank of India (SBI) has signed a ... Read more »

Indian companies raise $1.34 billion from foreign markets in October; down 34% from last year, says RBI

Indian companies raised nearly $1.34 billion from foreign markets in October this year, down 34 percent from the year-ago period, Reserve Bank of India (RBI) data showed on December 1. ... Read more »

Dolly Parton talks being a ‘boss' and working with ‘vampires': ‘I kick ass'

Dolly Parton is speaking out abut her business acumen in a new interview with People magazine. The country music icon claims she’s not a “pushover” when it comes to the ... Read more »

India November trade deficit at record $23.27 billion

Representative Image India posted a record merchandise trade deficit of $23.27 billion in November compared with $10.19 billion a year ago, preliminary data released by the government showed on Wednesday. ... Read more »

Sebi conducts search and seizure at 2 locations in Gujarat

Markets regulator Sebi on Wednesday conducted searches at premises of certain entities, who were allegedly operating a social media channel, and seized documents, mobiles and laptops, sources said. The search ... Read more »

States debt-to-GDP ratio worryingly higher than FY23 target, says RBI report

Representative Image: Shutterstock The combined debt-to-GDP ratio of states is expected to remain at 31 per cent by end-March 2022 which is worryingly higher than the target of 20 per ... Read more »

Honda Cars India reports 31% dip in total sales at 6,904 units in November

Honda Cars India Ltd (HCIL) on Wednesday reported a 31 per cent decline in total sales at 6,904 units in November 2021. The company had sold a total of 10,021 ... Read more »

Raymond approves Rs 800 crore IPO of subsidiary JK Files & Engineering

Branded fabric and fashion retailer Raymond is planning to list its material subsidiary JK Files & Engineering as it approved an initial public offering of its subsidiary on December 1. The ... Read more »

Tata Power Solar gets letter of award for Rs 945 crore project

Representative image Tata Power Solar has received letter of award (LoA) for a solar and battery storage project worth Rs 945 crore from Solar Energy Corporation of India Ltd (SECI). ... Read more »

Need to resurrect concept of gold bank to monetise physical gold: R Gandhi

There is a need to establish a gold bank in the country to help monetise physical gold lying with people, Reserve Bank of India’s former deputy governor R Gandhi said ... Read more »

OECD cuts world growth forecast, warns of Omicron threat

Representative image: Reuters The OECD warned Wednesday that the Omicron coronavirus variant threatens the global economic recovery as it lowered the growth outlook for 2021 and appealed for a swifter ... Read more »

Chip shortage slows down car, SUV sales by 11% in November

Representational image. The global semiconductor shortage has slowed down the sales for seven of India’s 13 frontline carmakers by 11 percent to 212,347 units in November. The drop in volumes ... Read more »

Consumer durables makers revenue seen rising 20% this fiscal

Driven by electrical appliances makers, the Rs 2 lakh-crore consumer durables sector is set to report a robust 20 per cent revenue growth this fiscal after a flattish run last ... Read more »

Explainer: The Yes Bank-Dish TV saga and what transpired between them

Representative image The boardroom battle between satellite TV service provider Dish TV and Yes Bank, its largest shareholder with a 25.63 percent stake, took another turn on November 30, when the Supreme ... Read more »

Volkswagen expects battery, raw material drive to cost up to $34 billion

Image Source: Reuters Volkswagen’s planned European battery cell plants and securing vital raw materials will cost as much as 30 billion euros ($34 billion), board member Thomas Schmall said, putting ... Read more »

Nissan wholesales surge 60% to 5,605 units in November

Source: Reuters Automaker Nissan India on Wednesday said its total wholesales jumped around 60 per cent to 5,605 units in November compared to 3,502 units in the same month of ... Read more »

Buy Apollo Tyrese; target of Rs 271: Hem Securities

Hem Securities report on Apollo Tyres Apollo Ltd Q2FY22 consolidated revenues came in at ₹5,077.3 Cr, up 18.2% YoY and up 10.7% QoQ. ▪ EBITDA for Q2FY22 stood at ₹638 ... Read more »

Mahindra & Mahindra reports 15% dip in November tractor sales at 27,681 units

Mahindra & Mahindra Ltd on Wednesday reported a 15 per cent decline in total tractor sales at 27,681 units in November 2021. The company had sold 32,726 units in the ... Read more »

Tata Motors reports 25% increase in total sales in November

Tata Motors | Representative image Tata Motors said its total sales increased by 25 per cent to 62,192 units in November as compared to the same month last year. The ... Read more »

Royal Enfield ties up with Belstaff for exclusive range of apparel

Royal Enfield (Representative image) Mid-sized motorcycle maker Royal Enfield on Wednesday said it has joined hands with British brand Belstaff to market an exclusive range of apparel. Launched in 1924, ... Read more »

VE Commercial Vehicles sales rise 10% to 4,085 units in November

Eicher Motors Ltd on Wednesday said its joint venture with Volvo VECV posted a 10.1 per cent increase in total sales at 4,085 units in November 2021. VE Commercial Vehicles ... Read more »

IPO-bound LIC asks its policyholders to update PAN for participation in public offer

The Life Insurance Corporation (LIC) in the run up to its initial public offering, has asked its policyholders to update their PAN, so that they can participate in the proposed ... Read more »

Hyundai sales drop 21% in November

Source: AP Hyundai Motor India Ltd (HMIL) on Wednesday reported a 21 per cent decline in total sales to 46,910 units in November. The company had sold 59,200 units in ... Read more »

Ashok Leyland sales slip 2% to 10,480 units in November

Hinduja flagship firm Ashok Leyland on Wednesday reported a 2 per cent decline in total commercial vehicle sales to 10,480 units in November 2021. The company had sold 10,659 units ... Read more »

CRED to acquire Happay in cash and stock deal valuing the platform up to $180 million

CRED Founder & CEO Kunal Shah CRED on December 1 said that it will acquire Happay in a cash and stock deal, valuing the corporate expense management platform up to ... Read more »

TVS Motor sales fall 15% in November

TVS Motor Company Chennai-based TVS Motor Company on Wednesday reported a 15 per cent decline in total sales at 2,72,693 units for November 2021. The company had sold 3,22,709 units ... Read more »

Sumitomo Mitsui completes purchase of 74.9% stake in Fullerton India

Loans: On Dhanteras, do not take or give loans or pay past bills, if you do not want to fall into misfortune. Sumitomo Mitsui Financial Group Inc on Wednesday said ... Read more »

Escorts reports 30% dip in November tractor sales at 7,116 units

Farm machinery and construction equipment major Escorts Ltd on Wednesday reported a 30 per cent decline in total tractor sales at 7,116 units in November 2021. The company had sold ... Read more »

CRED acquires Happay in cash and stock deal valuing the platform up to $180 million

CRED Founder & CEO Kunal Shah CRED on December 1 said that it will acquire Happay in a cash and stock deal, valuing the corporate expense management platform up to ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic