Apollo Tires will cease manufacturing in its facility within the Netherlands by summer time of 2026. The corporate has taken this choice on account of excessive manufacturing price. The corporate’s Netherland -based subsidiary ATNL has a plant in Enshede. ATNL introduced a report back to the ATNL Works Council on 25 April, which has been requested to cease tire manufacturing and associated operations on the plant by 2026. The choice is topic to the recommendation of ATNL Works Council and the approval of the ATNL Supervisory Board. Council is a consultant physique within the Netherlands, which has been fashioned underneath the Dutch Works Council Act. It consists of elected workers of ATNL. How a lot was the Income of ATNL and PBT associated information firm stated that the session interval begins by presenting a request for recommendation. The method of session and recommendation is an integral a part of the native authorized necessities within the Netherlands. In FY 2024, ATNL’s income was Rs 1,460 crore and PBT (Revenue Biffor Tax) was Rs 1,500 crore. It’s 6 % of consolidated income and PBT. ATNL’s internet value was Rs 1,170 crore, which is 8 % of the consolidated internet value. SML Isuzu will purchase 58.96% stake in Mahindra & Mahindra, ₹ 5555 crore deal The apollo tyres share will share 7 % in 2 weeks. The corporate’s market cap is Rs 29200 crore. The inventory has damaged greater than 7 % within the final 2 weeks. The corporate had 37.36 % stake within the firm until the tip of March 2025. The inventory’s 52 -week excessive degree on BSE was seen on 26 September 2024. The 52 -week low of Rs 368 was recorded on 7 April 2025. Within the October-December 2024 quarter, the income of Apollo Tires on the standalone foundation was Rs 4,539.77 crore. In the meantime, internet revenue was recorded at Rs 123.52 crore. Earnings stood at Rs 1.94 crore per share.
