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General

Apollo Tyres 3rd quarter revenue up 16%

The Board of Directors of Apollo Tyres Ltd today approved the company’s unaudited results for the 3rd quarter of the financial year 2018-19. Apollo Tyres Ltd’s consolidated revenue for the 3rd Quarter (October to December) grew 16%, and closed at Rs 4655 crores. The Sales for the nine months (April to December) of FY19 was up 22.5% to close at Rs 13097 crores. The company witnessed double digit growths both in the Indian, as well as, in the European Operations in the 3rd quarter and for the nine months of FY19.

General

ETEL ANNOUNCES CHANGE OF CEO

European Tyre Enterprise Ltd (ETEL), the UK’s leading tyre group which includes Kwik Fit GB and Stapleton’s Tyre Services, today announces that Shinjiro Tanaka will replace current Group CEO Yasuyuki Harada, who is returning to Japan.