Apollo Vision 2020

Apollo Tyres has announced Vision 2020 to become a premier Tyre Company with a diversified and multi-national presence.

- Deven Lad

Announcing Vision 2020, which is about becoming a premier tyre company with a diversified and multinational presence, Apollo Tyres has reported 18 per cent growth in FY2018-19 at Rs.17273 crores as against Rs.14674 crores in FY2017-18. Reporting a net profit of Rs.680 crores, the CV tyre major is pushing for integrated thinking as the key to stronger growth in the years to come. Enjoying a diversified and multi-country presence, the company has identified key priorities like the building of leadership in India(its home country), premiumisation in Europe and strategic exploration of attractive markets to realise Vision 2020. Integrating these priority areas to create value in the short, medium and long-term, Apollo Tyres is looking at an exciting current fiscal to further consolidate its position as a leading CV tyre manufacturer. Stating that FY2019-20 will not be an easy year, Neeraj Kanwar, Vice Chairman and Managing Director, Apollo Tyres, in his address to the shareholders, expressed that work is cut out to post above-average growth. “I am confident that we will continue to be unstoppable in our pursuit for Vision 2020,” he mentioned.