Latest news with #ApolloTyresLtd
United News of India
12 hours ago
- Business
- United News of India
Apollo Tyres extends its strategic partnership with Manchester United Football Club
Kochi, June 20 (UNI) Apollo Tyres Ltd on Friday announced the extension of its strategic partnership with Manchester United Football Club, one of the world's most iconic football teams, for an additional three years. This renewed collaboration underscores Apollo Tyres' commitment to excellence, innovation and shared values with Manchester United. Over the years, the partnership has enabled both organisations to connect with millions of passionate fans worldwide, driving engaging campaigns and delivering exceptional value both on and off the pitch. Since the inception of the partnership 12 years ago, Apollo Tyres has seen a significant boost in brand equity, reinforced by the global visibility and emotional connection associated with Manchester United's loyal fan base. The association has elevated Apollo Tyres' reputation, increased consumer trust, and enhanced its positioning as a leading tyre manufacturer. The announcement follows the visit of Manchester United men's first team players to Mumbai recently. Andre Onana, Diogo Dalot and Harry Maguire visited India to officially launch and kickstart activities for the 5th season of United We Play programme and engage with fans. Neeraj Kanwar, Vice Chairman and MD, Apollo Tyres Ltd said, 'We are thrilled to continue our association with Manchester United, a club that embodies passion, performance and global reach. Our partnership has been instrumental in amplifying our brand equity by aligning with a club that represents passion and perseverance." "Together we will strive to create even more exciting experiences for fans, leverage new opportunities in digital and on-ground engagement, and strengthen our brand presence across key markets. We are also excited to expand our impact through a grassroots football initiative that aims to nurture young talent and promote access to the sport at the community level.' Omar Berrada, Chief Executive Officer, Manchester United added, 'We are delighted to extend our successful partnership with Apollo Tyres, a valued and long-standing member of the Manchester United family. During our 12-year relationship, we've not only created impactful global campaigns but also delivered meaningful initiatives at the grassroots level, from youth development to sustainable infrastructure.' Omar further added 'As we move into this next chapter, we look forward to continuing on our shared legacy -- driving further engagement with our fans around the world and creating lasting value both on and off the pitch.' The three-year extension will include exclusive branding rights, co-branded fan experiences, digital content collaborations and the grassroots football initiative, designed to inspire and develop young football talent while promoting inclusivity and community engagement. UNI DS BM
Business Standard
5 days ago
- Automotive
- Business Standard
MRF Ltd Falls 0.69%
MRF Ltd has lost 2.6% over last one month compared to 3.03% fall in BSE Auto index and 1.57% drop in the SENSEX MRF Ltd lost 0.69% today to trade at Rs 136594.55. The BSE Auto index is down 0.55% to quote at 52035.5. The index is down 3.03 % over last one month. Among the other constituents of the index, Apollo Tyres Ltd decreased 0.58% and Mahindra & Mahindra Ltd lost 0.41% on the day. The BSE Auto index went down 10.8 % over last one year compared to the 5.25% surge in benchmark SENSEX. MRF Ltd has lost 2.6% over last one month compared to 3.03% fall in BSE Auto index and 1.57% drop in the SENSEX. On the BSE, 4 shares were traded in the counter so far compared with average daily volumes of 527 shares in the past one month. The stock hit a record high of Rs 147401 on 26 May 2025. The stock hit a 52-week low of Rs 100500 on 05 Mar 2025.
Business Upturn
13-06-2025
- Business
- Business Upturn
Apollo Tyres falls nearly 2% as crude oil surge sparks margin worries amid Israel-Iran tensions
By Aditya Bhagchandani Published on June 13, 2025, 09:41 IST Shares of Apollo Tyres Ltd declined 1.56% to ₹450 in Friday's session, slipping from a previous close of ₹457.15, as investors turned cautious following a sharp rise in crude oil prices after Israel launched a military strike on Iran. The tyre sector, including companies like Apollo Tyres, is highly sensitive to crude price movements since synthetic rubber—one of the main raw materials—is derived from petroleum. A surge in crude prices raises input costs, tightening operating margins for tyre makers. Crude benchmarks like WTI and Brent jumped over 10% amid concerns of wider regional escalation, adding pressure across oil-linked sectors. With Apollo Tyres already operating at a competitive margin environment, this external shock could weigh on short-term profitability unless offset by price hikes or volume gains. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
United News of India
02-06-2025
- Business
- United News of India
Apollo Tyres achieves Gold Rating in EcoVadis Sustainability Assessment
Kochi, Jun 2 (UNI) Apollo Tyres Ltd has received the prestigious Gold Rating from EcoVadis, the world's leading provider of business sustainability ratings. This accomplishment places Apollo Tyres in the top 5% of all companies globally, across industries, reflecting company's unwavering commitment to sustainability, ethical business practices and social responsibility. EcoVadis evaluates companies on a comprehensive set of criteria, including environmental impact, labour practices, ethics and sustainable procurement. The Gold rating reflects the significant progress Apollo Tyres has made across these dimensions, reinforcing its dedication to sustainability and corporate responsibility. The overall performance score for Apollo Tyres Ltd improved to 95th percentile in FY25, up from the 92nd percentile previous year, while the overall score improved from 41 to 76 in the last 5 years. Sunam Sarkar, President and Chief Business Officer, Apollo Tyres said, 'The manifold improvement in our Environment, Ethics and Labour and Human Rights scores was driven by focused initiatives such as enhanced environmental management practices, strengthened ethics and compliance programmes, and the implementation of inclusive labour policies." "This recognition is a testament to the hard work and dedication of our teams, who have worked tirelessly to integrate sustainable practices throughout our operations, motivating us to continue advancing our sustainability journey.' Among the four areas that EcoVadis assess -- environment, labour and human rights, ethics and sustainable procurement -- the most notable improvement was in Ethics and Labour and Human Rights section, where the score increased from 50 to 63 and 70 to 80 points respectively. Apollo Tyres achieved the highest score in Environment with 85 points, while Sustainable Procurement performance score was 71 points. An overall score of 76/100 reflects Apollo Tyres' commitment to combat climate change, fostering a safe and inclusive workplace, and upholding the highest ethical standards to ensure trust and transparency throughout the value chain. In the EcoVadis assessment, top 1% of the companies scoring 99+ percentile get platinum ranking, top 5% with 95+ percentile get gold ranking, top 15% with 85+ percentile get silver ranking and top 35% with 65+ percentile get bronze ranking. UNI DS BM
Time of India
02-06-2025
- Business
- Time of India
Apollo Tyres achieves gold rating from EcoVadis for sustainability excellence
Apollo Tyres Ltd has been awarded the Gold Rating by EcoVadis , a leading business sustainability ratings provider, placing them in the top 5 per cent of companies globally. The company's overall performance improved to the 95th percentile in FY25, with a significant increase in scores over the past five years. EcoVadis assesses companies based on a comprehensive set of criteria. These include environmental impact , labour practices, ethics, and sustainable procurement. The Gold rating signifies Apollo Tyres ' progress across these dimensions. Sunam Sarkar, President and Chief Business Officer, Apollo Tyres, said 'The manifold improvement in our Environment, Ethics and Labour and Human Rights scores was driven by focused initiatives such as enhanced environmental management practices, strengthened ethics and compliance programmes, and the implementation of inclusive labour policies. This recognition is a testament to the hard work and dedication of our teams, who have worked tirelessly to integrate sustainable practices throughout our operations, motivating us to continue advancing our sustainability journey.' Assessment criteria The EcoVadis assessment covers four key areas-- environment, labour and human rights, ethics, and sustainable procurement. The most notable improvements were in Ethics and Labour and Human Rights. The scores in these sections increased from 50 to 63 and 70 to 80 points, respectively. Apollo Tyres achieved its highest score in the Environment category. The company scored 85 points in this area, while its Sustainable Procurement performance score was 71 points. An overall score of 76 out of 100 reflects Apollo Tyres' dedication to several critical areas. These include combating climate change, fostering a safe and inclusive workplace, and upholding high ethical standards.
