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APOLLO TYRES SEES OEM DEMAND SURGE (following revival in the auto sector, OEM tyre sales in Apr- Aug 2009 grew by 8% in medium and heavy commercial vehicles segment and 14% in light commercial vehicles).

India Business Insight

| October 21, 2009 | COPYRIGHT 2001 Silverline Information Systems Pvt. Ltd. (Hide copyright information)Copyright

Even as the revival in the auto sector started gathering momentum, Apollo Tyres expects orders from original equipment manufacturers (OEM) to pick up too. Besides the strong growth in the passenger car segment, the trucks and bus segment also witnessed signs of revival. Truck tyre OEM sales were very encouraging in Apr-Aug 2009 with an 8 percent growth in medium and heavy commercial vehicles segment …

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