Apollo Tyres Ltd. (Apollo) has resumed partial production at its manufacturing plant in Perambra, India, on April 21 after government directives exempting its operations from the national lockdown. Apollo had previously halted operations at its Indian sites in Kerala (Kalamassery and Perambra), Gujarat (Limda) and Tamil Nadu (Chennai) in late March following government orders to control the spread of COVID-19.
In addition to closing plants in India, Apollo temporarily closed its passenger car tyre production unit in Gyongyoshalasz, Hungary, and heavily scaled back manufacturing at another plant in Enschede, the Netherlands.
Apollo’s top executives were not exempt: Chairman and Managing Director Onkar S. Kanwar and Vice Chairman and Managing Director Neeraj Kanwar are taking 25% reductions in their salary, while the company’s senior management has taken a voluntary reduction in their salary by 15% to help limit the financial impact of the COVID-19 pandemic on the company.
Apollo said it would provide updates on the restart of production at its Indian and overseas facilities when those decisions are made and implemented.