Apollo Tyres Stops Bias And OTR Production In Gujarat Facility

Apollo Tyres has stopped Bias and OTR tyre production at the manufacturing facility in Limda, Gujarat due to concerns amongst shop floor employees relating to renewal of long-term settlement agreement, the company announced through an exchange filing.

The company in the regulatory filing said it is in discussion and negotiations with the labour union representatives to address the concerns and find a resolution to the problem.

The company said, "The Company is dedicated to the welfare of its employees, the interests of its stakeholders and the continued stability of the organisation. While the Company is monitoring the situation closely, there are plans in place to mitigate any supply disruptions."

Apollo Tyres shares

FPJ Shorts

'Very Well Considered, Bold And Lucid Judgment': Supreme Court Upholds Bombay HC Order To Vacate 18 Illegal Floors Of Tardeo's Wellingdon Heights

Mumbai Fire Brigade To Equip All Fire Stations With 35 Advanced Battery-Operated Smoke Exhausters For Basement Rescue Operations

Mumbai News: Dadar Civic Group Serves Legal Notice To BMC Over Illegal Blinkit Warehouse In Prabhadevi High-Rise Basement

2008 Malegaon Blast Verdict: 'Abhinav Bharat Not Banned, Government Yet To Declare It Terror Outfit,' Says Special NIA Court

The shares of Apollo Tyres on Wednesday closed at Rs 379, up by 1.59 per cent.

New Indian National Speed Endurance Record

TVS Motor Company, a manufacturer of two and three-wheelers globally, along with India’s leading tyre maker, Apollo Tyres Ltd, in July set a new Indian National Speed Endurance Record on TVS Apache RR 310 motorcycle shod with Apollo Alpha H1 tyres.

Read Also

TVS Motor, Apollo Tyres Set New Indian National Speed Endurance Record On TVS Apache RR 310...