Retail News CRM

Tag: Apollo

  • Apollo Tyres Inaugurates New Advanced Tyre Testing Facility In Chennai

    Apollo Tyres Inaugurates New Advanced Tyre Testing Facility In Chennai

    Apollo Tyres on Wednesday inaugurated a new Advanced Tyre Testing Facility at its Global Research and Development Centre outside Chennai. The new facility, the company says, will enable it to hasten the research and development process for tyres for passenger vehicles and two-wheelers.

    At the inauguration, Daniele Lorenzetti, CTO, Apollo Tyres said, “We strongly focus on continuous improvement in efficiency and effectiveness of product development and this new facility will further augment our testing capabilities for future vehicle models. We will be able to fine-tune the performance of our products by simulating closely the real-world conditions using this facility.”

    The company said that the new facility houses a new custom-designed Flat-Trac machine as well as an Anechoic chamber. The Flat-Trac machine will allow the company to test the dynamic behavior in a simulated environment with the machine testing and recording various parameters of the performance of the tyre. The company says that the new machine is capable of replicating maneuvers such as high slip angles seen during emergency maneuvers, high torque ramp-up and even varying degrees of lean (a measure of testing two-wheeler tyres).

    The Anechoic chamber, meanwhile, will be used to test the NVH properties of the company’s tyre ranges over varying simulated terrains allowing for its fine-tuning.

    Apollo Tyres says that the main beneficiaries of the new technology will be models developed for high-end passenger vehicles, electric vehicles and premium motorcycles.

    The company also said that the inauguration of the new testing centre was in line with the brand’s mid-term goals of deploying greater use of technology in the research and development process. The company has also set targets to improve sustainability in the use of raw materials in its tyre development and manufacturing processes.

    Lees ook:

  • Apollo Tyres Collaborates With AWS To Make Its Factories Smarter

    Apollo Tyres Collaborates With AWS To Make Its Factories Smarter

    Amazon Web Services (AWS) announced that Apollo Tyres is going all-in on AWS to digitally transform. By moving all of its IT infrastructures to AWS, Apollo Tyres can use AWS’s broad portfolio of services to innovate new customer experiences while driving productivity, compliance, and process efficiency gains globally, across seven factories. Apollo Tyres will draw on the breadth and depth of AWS capabilities, including Internet of Things (IoT), data and analytics, and machine learning, to transform into an agile, data-driven enterprise. Using data from the factory floor and real-time information from production machines, like tyre rubber mixer machines, Apollo Tyres can expand operational intelligence capabilities and more accurately manage machine utilization, ensuring high-quality levels and machine efficiency. With AWS, Apollo Tyres is connecting all of its factories to the cloud this year in India and Europe. By 2022, Apollo Tyres plans to migrate all mission-critical enterprise applications, including its SAP applications, to AWS to enhance customer experience, improve process efficiency, and enable process automation.

    Apollo Tyres produces more than 2,425 tons (2,200 metric tons) of tires daily in its seven factories worldwide. Each factory previously ran their on-premises infrastructure in silos, which provided limited visibility into global manufacturing efficiencies. Apollo Tyres needed to upgrade its infrastructure to develop new ways of engaging with fleet operators, tyre dealers, and consumers while delivering tires and services efficiently at competitive prices. The company’s first step was to create a data lake on AWS, which centrally stores Apollo Tyres’ structured and unstructured data at scale. This data lake provides the foundation for an integrated data platform, which enables Apollo Tyres’ engineers around the world to collaborate in developing cloud-native applications and improve enterprise-wide decision making. The integrated data platform enables Apollo Tyres to innovate new products and services, including energy-efficient tyres and remote warranty fulfillment.

    Using AWS IoT SiteWise, a managed service that makes it easy to collect, store, organize and monitor data from industrial equipment at scale, and AWS IoT Greengrass, an open-source edge runtime and cloud service for building, deploying, and managing device software, Apollo Tyres developed an IoT-in-a-box solution. The solution connects production machines on the factory floor to AWS in as few as five days. Once connected, the solution captures data from multiple machines-including mixers, tyre building equipment, and curing presses-and feeds it to the data lake. Apollo Tyres uses Amazon Redshift, a cloud data warehouse, to create a global dashboard for visualizing production information from the data lake, providing business teams and plant managers with real-time visibility into the manufacturing process. This visibility improves production efficiency and productivity, for example by reducing the idle time of curing presses that shape the tyre in a mould by 50%.

    Lees ook:

    Lees ook:

  • Apollo Tyres To Increase Prices By Up To 5 Per Cent Citing Rising Cost

    Apollo Tyres To Increase Prices By Up To 5 Per Cent Citing Rising Cost

    Apollo Tyres will increase prices by 3 to 5 percent in the domestic market in the third quarter of this fiscal to offset the rising cost, according to top company officials. The company may further increase prices in the fourth quarter if the commodity rates continue to remain high. Speaking with the media during Q2 FY22 Result Conference Call, Apollo Tyres Vice Chairman and Managing Director Neeraj Kanwar said the company had taken an average increase of around 9 percent in tyre prices up until September.

    He further said, “We are again taking price increases in this quarter varying between 3% to 5% in various segments in the months of October and November.”

    When asked what would be the level of recovery on account of cost inflation in the country post price hikes, Apollo Tyres CFO Gaurav Kumar said, “Raw material costs continue to be a moving target. Even in Q3 from Q2, we expect a small cost-push coming on account of raw material. I would say broadly, we are running about two price increases behind vis-vis what is desirable.”

    In the second quarter ended September 30, Apollo Tyres registered a 59 percent decline in standalone net profit at ₹ 89.65 crore against Rs 216.24 crore in the same period last fiscal, impacted by high raw materials cost. The revenue from operations was higher at ₹ 3,649.71 crore as against ₹ 2,911.57 crore in the year-ago quarter. The cost of raw materials consumed in the second quarter went up to ₹ 2,471.63 crore against ₹ 1,527.06 crore in the same period a year ago.

    Kumar further added that normalcy in India is gradually returning post an unprecedented pandemic situation. The company is currently witnessing a steady improvement in demand momentum. He said, “The truck tires OEM demand, which was lagging, is showing promising signs of improvement. Though, the passenger car OEM demand continues to suffer due to shortage of semiconductors.”

    He also added said the demand momentum going forward for the second half of the fiscal (H2) seems to be better and further price hikes have been announced for November to counter the raw material cost-push.

    Lees ook:

  • Amazon looking at $100 million investment in India’s Apollo Pharmacy

    Amazon looking at $100 million investment in India’s Apollo Pharmacy

    Amazon.com Inc is considering a nearly $100 million investment in India’s pharmacy chain Apollo Pharmacy, facing up to Reliance Industries Ltd and Tata Group in the country’s fast-growing drug market, the Economic Times reported on Wednesday, citing two people aware of the plans.

    Amazon already delivers medicines in India and the potential investment would come amid rising competition from Mukesh Ambani’s Reliance, which bought a majority stake in online pharmacy Netmeds.

    Tata Group here, meanwhile, was reportedly in talks to pick up a majority stake in e-pharmacy firm 1mg.

    Both Amazon and Apollo Hospitals, which owns Apollo Pharmacy, declined to comment.

    The growth of e-pharmacies, however, has left many Indian trader groups feeling threatened, who say online drugstores can contribute to medicine sales without proper verification and the entry of large players can cause unemployment in the sector.

    Amazon’s plan to further expand in India also comes close on the heels of its launch of an online pharmacy to deliver prescription drugs in the United States, increasing competition with drug retailers such as Walgreens, CVS Health and Walmart.