Apollo in talks to supply tyres to Volkswagen in Europe

07 Jun 2010 Evaluate

Apollo Tyres is gearing up to supply tyres to Volkswagen in Europe. The company has recently started supplying tyres for the cars Volkswagen is launching in India and we are in discussion to supply tyres to them in Europe.The company’s Dutch subsidiary Vredestein acquired last year is already supplying tyres to Volkswagen.

The move is part of its strategy to enhance its global footprint as it eyes to achieve a turnover of USD 5 billion in the next five years. The company plans to enter South Africa and Latin America through both organic and inorganic route.

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