After a difficult financial year in FY25, Apollo Tyres is now focusing on the future with a positive outlook. The company also plans to grow by improving the execution and investing in new technologies.
In the company’s FY24-25 annual report, Chairman Onkar Kanwar told shareholders that Apollo’s performance in both India and Europe did not meet the expectations. However, he said that the company is still fully committed to the sustainable and profitable growth in the coming years.
Apollo Tyres Eyes Future Growth with ₹1,500 Cr Investment After Tough FY25
FY25 was a challenging year for Apollo Tyres, said Chairman Onkar Kanwar, admitting that the company did not meet its performance expectations in India and Europe. However, he emphasized that the Apollo remained focused on sustainable and profitable growth, rather than chasing growth “at any cost.”
In FY25, Apollo Tyres reported a 3% rise in revenue to ₹26,123 crore, compared to ₹25,378 crore in FY24. But net profit dropped to ₹1,121 crore, down from ₹1,722 crore in the previous year.
Looking Ahead: A Focus on Expansion and Innovation
To improve performance, Apollo Tyres is also planning to expand its passenger car radial (PCR) tyre production at its plants in Hungary and Andhra Pradesh. This was expansion involves a ₹1,500 crore capital investment.
“We are optimistic about the future,” said Onkar Kanwar. “With better execution and investment in future-ready capabilities, we are confident of reaching our long-term goals.”
Vice Chairman and MD Neeraj Kanwar added that the company will continue to grow in a disciplined and focused way, investing in people, processes, and innovation to handle challenges and grab future opportunities.
Apollo Tyres also said it will continue to build on its core strengths while adopting new technologies to keep up with the changing auto and mobility landscape.
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