Apollo Tyres expects volume growth to bounce back

Apollo Tires expects volume growth to return to pre-pandemic levels by the end of this fiscal year, supported by continued demand from both the OEM and aftermarket markets. The company is also optimistic about the growing demand for electric vehicles and has developed a "roadmap" for entering the market.

Demand for cars is holding up; however, the demand for tractors is decreasing as rural India suffers more than urban India.

The rise in crude oil prices may accelerate the electrification process, resulting in greater adoption of electric vehicles. To support the growth of the segment, the associated infrastructure such as batteries and charging stations has been improved.

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