Bullish On Growth Prospects Despite Market Uncertainty

Speech delivered by Onkar S. Kanwar, Chairman, Apollo Tyres, at the company’s 46th AGM held in Kochi

Before I talk about the happenings at your company during the year, I would like to mention that Kerala has always been extremely close to my heart. It is our foundation… our roots. I was personally devastated as the State witnessed one of its worst floods in recent times. However, I was proud to see that all of our employees around the world rose to the challenge and contributed money, material and time to offer relief to the people whose lives were severely affected by the calamity. Our efforts received much appreciation from all stakeholders.

Today, India lies on the cusp of great opportunity. A strong government is in place with a renewed mandate and a commitment to keep India at the top of the global economic order. The environment around us is not easy, with trade wars, protectionism and uncertainty around the world. But India has the potential, the ability and the leadership to break free of these shackles and lead global economic growth.

Like the country, at Apollo too everyone has been working with a single-minded focus to realize our Vision 2020 of becoming ‘a Premier tyre company with a diversified and multinational presence’. To achieve our vision, we continued to focus on our key objectives of ‘building leadership in India’, ‘premiumisation in Europe’, and ‘exploring strategically attractive markets where we are currently not represented’ during the year.