Apollo Tyres posts sales gains in India, Europe

Gurgaon, India – Apollo Tyres Ltd has posted an 8-percent year-on-year rise in first-quarter operating profit, to €74.9 million, on consolidated net sales of €434.91 million, 16 percent higher than a year ago.

Over the three months to 30 June, revenues at Apollo’s operations grew 6 percent in India and 10 percent in Europe, the Indian tire maker reported 9 Aug.

In the domestic market, products introductions helped to counter the impact of low-cost imports from China. These included new two-wheeler tires, which found especially high demand…

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