Apollo Tyres shares jump 4% on robust Q2
Apollo Tyres’ consolidated net profit jumped 164% YoY to ₹474 crore in Q2 FY24; revenue was up 5% at ₹6,280 crore.
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November 2023
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December 2020
JK Tyres shares jump 14% on strong Q2 results; board approves capex plan of ₹1,025 cr
The company has proposed a capacity addition of 19.45% by October 2025 with a capital investment of ₹1,025 crore.
Speed bumps for tyre MNCs in India
Global giants operating in India are evaluating if it makes economic sense to invest in a new plant, in light of the country's tyre import ban.
Changing the tyres of your luxury car just got tougher
DGFT, in a bid to promote domestic manufacturing, has put tyres under the restricted category. That has meant that an importer now requires a license for imports. The replacement market has been hit.
