Kolkata: Taking forward its legacy of offering best-in-class tyres for passenger and commercial vehicles, Apollo Tyres Ltd announced its entry into the two-wheeler tyre segment in India.
All-new Apollo Acti series two wheeler tyres were unveiled today by the company. Designed and developed at the companys Global RD Centre in Chennai, Apollo Acti series for bikes and scooters, would cover nearly 85% of the replacement market for two-wheeler tyres in India.
Commenting on the development, Onkar S Kanwar, Chairman, Apollo Tyres Ltd said, This is a milestone for Apollo Tyres as the entry into the two-wheeler segment makes the company a full-range player. The presence in the two-wheeler segment will help the company cement its leadership position in India. The Apollo Acti series will provide the best value proposition to our customers along with an enjoyable driving experience.
The two-wheeler category, which is growing at a CAGR of 8.5% in India, has a huge potential for tyre manufacturers.
As per rough estimates, India currently has 120 million two-wheelers. This, in addition to the demand from the business partners for the companys two-wheeler tyres, led to Apollo Tyres foray into the two-wheeler tyre segment.
Speaking at the launch, Neeraj Kanwar, Vice Chairman Managing Director, Apollo Tyres Ltd said, Our RD and product team have spent over 2 years in developing the two-wheeler tyres, which are best suited for the diverse Indian road conditions. Like always, we have tried to introduce a product range which will delight our customers and allow them to have a seamless and enjoyable riding experience.
Apollo Tyres forays into the two-wheeler tyre segment