Gold
Apollo Tyres expects volume growth to bounce back
17 Nov 2022 CW Team
Apollo Tyres expects volume growth to return to pre-pandemic levels by the end of this fiscal year, backed by consistent demand from both OEM and the replacement market. The company is also optimistic about the growing demand for electric vehicles and has developed a "roadmap" to enter the market.
Car demand is holding up; however, demand for tractors is softening as rural India suffers more than urban India.
The rise in crude prices may accelerate the electrification process, resulting in greater EV adoption. To support the segment's growth, associated infrastructure such as batteries and charging stations have been improved.
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