Apollo Tyres prepares to meet demand from electric vehicles segment ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 19
Apollo Tyres expects electric vehicles' adoption to pick up pace over the next few years and is gearing up to cater to demand both in passenger vehicle and two-wheeler segments. The company, which on Monday introduced two tyre brands for electric passenger vehicles and two-wheelers, is bullish on opportunities across domestic and international markets. "The consensual view is that the electric two-wheeler segment will grow the fastest and in that too scooters will be the first followed by motorcycles. "Besides, the bus segment will also grow and four-wheeler will probably reach about 15-20 per cent (of the overall passenger vehicle sales) by 2030," Apollo Tyres President (Asia Pacific Middle

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