On being 
questioned over the slow CAGR of the tyre industry (as compared to the complementary auto industry), Neeraj Kanwar shot back, “You are correct in saying that the auto industry has a far faster rate of growth than the tyre industry. However, I would not say that we are experiencing ‘slow’ growth rates. At Apollo we are not worried about this since we have constantly managed to outpace the industry rate by a huge margin. Over the past five years, the industry has grown y-o-y at 9% while we have easily managed 18%!”
But despite Apollo tyres’ main involvement being in the truck and bus segment which contributes to 70% of the industry turnover in terms of value, a word of caution comes across in this very issue oft en considered as Apollo’s forte, understanding that it’s this very segment which gives the entire industry a sluggishly unhurried approach! Yes with a growth of just 7.7%, the MHCV segment presents more of a challenge to Apollo’s future growth strategy in which it plans to touch a whopping $2 billion in revenues within just the next 3 years, concerning which Onkar S. Kanwar, CMD, Apollo Tyres elaborated on the company’s game-plan as, “While setting this target, we have put down a series of measures to ensure that we achieve this milestone.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Article, Visit Below....
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questioned over the slow CAGR of the tyre industry (as compared to the complementary auto industry), Neeraj Kanwar shot back, “You are correct in saying that the auto industry has a far faster rate of growth than the tyre industry. However, I would not say that we are experiencing ‘slow’ growth rates. At Apollo we are not worried about this since we have constantly managed to outpace the industry rate by a huge margin. Over the past five years, the industry has grown y-o-y at 9% while we have easily managed 18%!”But despite Apollo tyres’ main involvement being in the truck and bus segment which contributes to 70% of the industry turnover in terms of value, a word of caution comes across in this very issue oft en considered as Apollo’s forte, understanding that it’s this very segment which gives the entire industry a sluggishly unhurried approach! Yes with a growth of just 7.7%, the MHCV segment presents more of a challenge to Apollo’s future growth strategy in which it plans to touch a whopping $2 billion in revenues within just the next 3 years, concerning which Onkar S. Kanwar, CMD, Apollo Tyres elaborated on the company’s game-plan as, “While setting this target, we have put down a series of measures to ensure that we achieve this milestone.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Article, Visit Below....
IIPM : The Indian Institute of Planning and Management
IIPM is a best b-school. It is a business school of management. It's full name is The Indian Institute of Planning and Management. ...
IIPM: The Indian Institute of Planning and Management
IIPM's Full time & Integrated programs in National Economic Planning and Entrepreneurship are in a different league. Students are exposed to case studies ...
IIPM BEST PUBLICATION
Lacking the punch to scare us Indians out of our skins iipm are terms like ‘pollution’, ...... IIPM News > News in Media > The Political Criminal Circus ...
IIPM: IIPM : Pas(ay) the Parcel!
IIPM is a Best B-School. It is a institute of business management. Its full name is The Indian Institute of Planning and Management. ...
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In terms of infrastructure, campus and technology support, IIPM is rated amongst the top institutes of the country. IIPM’s academic campuses in Asia are ...IIPM PUBLICATION: IIPM : Campus Placements IIPM students are winners all the way..." {Source: The Times of India, June 2002} "...the icing on the cake has proved to be the 100% placements of the ...
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And the IIPM, which was founded as recently as 1973, now claims to be the world’s largest business school, with 5000 postgraduate management students in ...
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All students who undertake IIPM’s Entrepreneurship Programme receive an additional International MBA/BBA Degree from INTERNATIONAL MANAGEMENT INSTITUTE ...
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