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Apollo Tyres Limited is an Indian multinational tyre manufacturing company headquartered in Gurugram, Haryana. It was incorporated in 1972, and its first plant was commissioned in Perambra in Thrissur, Kerala. The company now has five manufacturing units in India, one in the Netherlands [5] and one in Hungary. [6]
On 12 June 2013 Apollo Tyres Ltd announced the acquisition of Cooper Tire & Rubber Company in a US$2.5 billion deal. This would have turned Apollo Tyre into the world's seventh-largest tyre company, with combined global revenue of an estimated US$6.6 billion, according to Tire Review data, [ 6 ] but on 30 December 2013, the Cooper acquisition ...
Apollo Tyres India: 1972 Apollo, [2] Apollo Tyres South Africa, [a] Bearway, [3] Kaizen, Maloya, Regal, Vredestein: Birla Tyres India: 1991 Birla Tyre [4] Belshina Belarus: 1965 Belshina [5] Bridgestone Japan: 1931
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An Indian company named Apollo Tyres agreed to buy Cooper Tires for $2.5 billion on June 12, 2013. This would have made Goodyear Tire & Rubber Co. the only major tire manufacturer left in the United States. [17]
Kanwar has grown Apollo Tyres from a small single-plant Indian company into a multinational with seven plants worldwide, and annual revenues in excess of US$ 3 billion. [7] In June 2013, it was reported that Apollo Tyres would buy US-based Cooper Tire & Rubber Company for about $2.5 billion in a deal that would make it the world's seventh ...
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In 1985 Kanwar became the third generation of his family to join Apollo Tyres, which was launched by his grandfather Raunaq Singh and later taken over by his father Onkar Kanwar. His first position in the company was in the sales team. [4] In 2002, Kanwar took over daily operations from his father. [5]