Apollo Tyres enters 2-wheeler segment with launch of Acti series Monday March 07,2016

 

Apollo Tyres, on Monday March 07,2016 entered the two-wheeler segment with the launch the 'Acti' series.

Designed and developed at the company's global R&D centre in Chennai, the Apollo Acti series for bikes and scooters would cover nearly 85 per cent of the replacement market for two-wheeler tyres in India, the company said.

The tyres will be available both in the tubeless and normal radial forms.

"The presence in the two-wheeler segment will help the company cement its leadership position in India. The Apollo Acti series will provide the best value proposition to our customers along with an enjoyable driving experience," Onkar S. Kanwar, Chairman, Apollo Tyres, said here at the launch.

The two-wheeler category, which is growing at a CAGR of 8.5 per cent in India, holds huge potential for tyre manufacturers, he said. 

The company said it is looking at selling 1.20 lakh tyres each month initially, going up to five lakh tyres each month in the next two years.