Scribd Logo
Upload

Welcome to Scribd!

  • Apollo Tyres News - Apollo Tyres Gears Up To Meet Demand From Promising EV Segment - The Economic Times

    Uploaded by

    create
    8 views1 page
    Apollo Tyres expects electric vehicle adoption to increase in the coming years and is gearing up to meet demand in the passenger vehicle and two-wheeler EV segments. The company recently introduced two new tyre brands for electric passenger vehicles and two-wheelers. Apollo Tyres is bullish on opportunities in both domestic and international markets for EV tyres. The company plans to first focus on developing tyres for electric scooters and then motorcycles, as electric two-wheelers are expected to grow the fastest. Apollo Tyres aims to capture a major share of the Indian EV market in both passenger and two-wheeler segments.

    Original Description:

    Original Title

    Apollo Tyres News_ Apollo Tyres gears up to meet demand from promising EV segment - The Economic Times

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Apollo Tyres expects electric vehicle adoption to increase in the coming years and is gearing up to meet demand in the passenger vehicle and two-wheeler EV segments. The company recently introduced two new tyre brands for electric passenger vehicles and two-wheelers. Apollo Tyres is bullish on opportunities in both domestic and international markets for EV tyres. The company plans to first focus on developing tyres for electric scooters and then motorcycles, as electric two-wheelers are expected to grow the fastest. Apollo Tyres aims to capture a major share of the Indian EV market in both passenger and two-wheeler segments.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views1 page

    Apollo Tyres News - Apollo Tyres Gears Up To Meet Demand From Promising EV Segment - The Economic Times

    Uploaded by

    create
    Apollo Tyres expects electric vehicle adoption to increase in the coming years and is gearing up to meet demand in the passenger vehicle and two-wheeler EV segments. The company recently introduced two new tyre brands for electric passenger vehicles and two-wheelers. Apollo Tyres is bullish on opportunities in both domestic and international markets for EV tyres. The company plans to first focus on developing tyres for electric scooters and then motorcycles, as electric two-wheelers are expected to grow the fastest. Apollo Tyres aims to capture a major share of the Indian EV market in both passenger and two-wheeler segments.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    8/18/22, 1:02 PM Apollo Tyres News: Apollo Tyres gears up to meet demand from promising EV segment - The Economic

    V segment - The Economic Times

    Web SMS Verification Code Learn More


    SMS can be sent to any country, verification codes, marketing, and notifications. BUKA
    BENCHMARKS NSE GAINER-LARGE CAP FEATURED FUNDS
    Pro Investing by Aditya Birla Sun L… INVEST NOW MARKET WATCH
    Nifty 17,944.25 119.0 Bajaj Finserv 16,840.30 924.55

    Subscribe Sign In

    Industry Freedom Offer is Live!

    English Edition | Today's Paper

    Home ETPrime Markets News Industry RISE Politics Wealth Mutual Funds Tech Jobs Opinion NRI Panache ET NOW More

    Auto Banking/Finance Cons. Products Energy Renewables Ind'l Goods/Svs Healthcare/Biotech Services Media/Entertainment More

    Business News › Industry › Auto › Tyres › Apollo Tyres gears up to meet demand from promising EV segment

    Apollo Tyres gears up to meet demand from


    promising EV segment
    PTI Last Updated: Aug 01, 2022, 04:48 PM IST
    SHARE FONT SIZE SAVE PRINT COMMENT

    Synopsis
    The tyre major is already in discussions with multiple OEMs in India to supply these tyres
    for the electric vehicles, and will be targeting a lion's share in the EV space in India, in
    both PV and two-wheeler segments. EV tyres use the latest generation polymers,
    traction resin and other raw materials to handle the instant acceleration of the EVs, the
    company said.
    Web SMS
    Agencies
    New Delhi: Apollo Tyres expects Verification
    electric vehicles' adoption to pick up Code
    pace over the next few years and is
    gearing up to cater to demand both in SMS can be sent to
    passenger vehicle and two-wheeler any country,
    segments. The company, which on verification codes,
    Monday introduced two tyre brands for marketing, and
    electric passenger vehicles and two-
    notifications.
    The company plans to develop EV tyres for
    motorcycles in the next phase, considering the wheelers, is bullish on opportunities
    extremely low numbers in this category currently. BUKA
    across domestic and international
    markets.

    "The consensual view is that the electric two-wheeler segment will grow the Learn More
    fastest and in that too scooters will be the first, followed by motorcycles.

    "Besides, the bus segment will also grow and four-wheeler will probably reach
    about 15-20 per cent (of the overall passenger vehicle sales) by 2030,"
    Apollo Tyres President (Asia Pacific Middle East and Africa) Satish Sharma Popular in Auto
    told PTI in an interaction.
    1. Greaves Cotton exploring
    export opportunities for
    electric 2-wheelers

    https://economictimes.indiatimes.com/industry/auto/tyres/apollo-tyres-gears-up-to-meet-demand-from-promising-ev-segment/articleshow/932740… 1/5

    You might also like