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Apollo Tyres is aiming for leadership in the premium two-wheeler segment in India, and service the global markets with high-end bias and steel radial tyres. The premium segment constitutes nearly 20 per cent of the two-wheeler market in India and is one of the fastest-growing ones.
Apollo Tyres has inaugurated a dedicated commercial facility to manufacture two-wheeler radial and cross-ply tyres. The plant was inaugurated virtually by the Chairman, Onkar S Kanwar, while Vice Chairman and MD, Neeraj Kanwar and other Supervisory Board members of the Company also joined on this occasion, along with some selected Business Partners.
Commenting on the leadership drive in the premium two-wheeler segment, Neeraj Kanwar, Vice Chairman and MD, Apollo Tyres Ltd, said, "We are aiming for a strong foothold in the high-value, highly profitable premium motorcycle tyre market, which caters to the top 20% of motorcycle market in India, and the entire Europe and Americas market. We now have a global portfolio of high-end bias and steel radial tyres for the two-wheeler segment, which will be produced at our highly advanced and futuristic facility in Vadodara, Gujarat."
The facility is spread over more than 10,000 square metre area. The plant is capable of producing 30,000 motorcycle radials and 60,000 motorcycle cross-ply tyres per month. It will also cater to the premium segment of the two-wheeler industry.
In other recent auto news, Ducati has confirmed that the Panigale V2 will be launching next month on the Indian shores and the company has started accepting pre-bookings for the upcoming motorcycle for an amount of Rs 1 lakh. The new Ducati Panigale V2 will replace the brand's 959 Panigale.
Mechanically, the Ducati Panigale V2 is powered by a 955cc Superquadro L-twin engine. The unit produces 155bhp of power and 104Nm of peak torque. The engine comes mated to a six-speed gearbox. The motorcycle also borrows the entire electronics kit from the previous generation 959 model, but with a reworked traction control system that performs more efficiently.
Thoughts about the manufacturing facility inaugurated by Apollo
As far as manufacturing good high-end bias and steel radial tyres, through this facility, Apollo will be able to cater to the needs of all the two-wheeler segments, which also include premium ones.