Apollo Tyres: Available at attractive valuations

Apollo Tyres is the second largest tyre manufacturer and sells its products under the Apollo and Vredestein brands. The truck and bus segment accounts for around half of its sales. The passenger car and light trucks segments account for around a third of its sales. These two segments contribute to close to 85% of its sales. Around three fourths of its revenues are from the replacement market. Outside of the domestic market, Europe contributes around a fourth of its revenues. Opportunities in the European could drive theĀ  unfolding of the Apollo Tyre story in the next 12 to 18 months. Continue reading “Apollo Tyres: Available at attractive valuations”