Apollo Tyres has inaugurated its Global research and development centre of Asia in Chennai, India. This is the firm's second global R&D centre.
The first research and development centre of Apollo Tyres is located in Europe in Netherlands which is working since 2013. Both the R&D centres will play a major role in core research and product development respective to their region.
The Chennai research and development centre consist of around 140 employees and it will cater the product development needs of the Asia-Pacific, Middle East and Africa region.
Apart from the two Global R&D centres, Apollo Tyres have set up two satellite research and development centres in Bengaluru and Germany.
The Advanced Engineering Centre in Bengaluru is working on integrating electronics into tyre technology. Whereas the German centre is working towards establishing connections with leading German OE customers.
Apollo Tyres Chairman, Onkar S Kanwar said, "Apollo Tyres has been at the forefront of launching breakthrough products over the past four decades suiting the Indian context. The Global R&D Centre, Asia will break new frontiers and accelerate our R&D vision for India and the region."
He added, "This step also aligns with the honourable Indian Prime Minister, Shri Narendra Modi's vision for Brand India, and Technology being one of the core sectors for India becoming a global power."
Apollo Tyres Vice Chairman and Managing Director, Neeraj Kanwar said, "Apollo Tyres has been furthering the dimension of research and development, to usher in contemporary technology to service its customers in its chosen markets."
He added, "The setting up of the two Global R&D Centres is a purposeful step towards this vision of the organisation."