Organisation Structural Study on Apollo Tyres
INTRODUCTION
Organisation has gained momentum over the past few decades as the inevitable source to sustain business activities. An organization is a power house of resources through which manufacturing and production activities are effectively carried out.The established Indian owned enterprises has been steadily increasing their capacity and widening their range of products for every organization. There is a hidden asset.An asset that has the power to execute, the vision to excel and the spirit of limit-less energy.It is a force that is unstoppable; it is the force of capital.
Today india is in the midst of rapid economic growth.The government’s continued emphasis on building infrastructure has given a tremendous fillip to the development of road infrastructure and transport. Obviously, the number of vehicles on road have a marked increase.As a direct fallout of this scenario the tyre industry has had the good fortune of receiving increased orders from original equipment manufacturers (OEM) and replacement markets alike.
INDIAN TYRE INDUSTRY – A PROFILE
The Indian tyre industry is about 25,000 crore and is growing at a compounded annual growth rate (CAGR) of 6-8 per cent.In terms of volume, about 1.2 million commercial tyres and 1.5 million passenger vehicle tyres are manufactured annually.The industry is ominated by 4 players-MRF, APOLLO, J.K and CEAT.
Ranking of Indian tyre companies on the basis of production
1. MRF Tyres Limited
2. Apollo Tyres Limited
3. JK Tyres Limited
4. CEAT Tyres Limited
5. Birla Tyres Limited
6. Good Year India Limited
7. Vikrant Tyres Limited
Indian tyre manufacturing companies are re-engineering their business and looking at strategic tie-ups world wide. The future is expected to see many strategic alliances among the domestic and global players. They include the OEM segment with vehicle manufacturers looking for fresh tie-ups or strengthening of existing partnerships.The tyre industry has evolved from the more basic
Organisation has gained momentum over the past few decades as the inevitable source to sustain business activities. An organization is a power house of resources through which manufacturing and production activities are effectively carried out.The established Indian owned enterprises has been steadily increasing their capacity and widening their range of products for every organization. There is a hidden asset.An asset that has the power to execute, the vision to excel and the spirit of limit-less energy.It is a force that is unstoppable; it is the force of capital.
Today india is in the midst of rapid economic growth.The government’s continued emphasis on building infrastructure has given a tremendous fillip to the development of road infrastructure and transport. Obviously, the number of vehicles on road have a marked increase.As a direct fallout of this scenario the tyre industry has had the good fortune of receiving increased orders from original equipment manufacturers (OEM) and replacement markets alike.
INDIAN TYRE INDUSTRY – A PROFILE
The Indian tyre industry is about 25,000 crore and is growing at a compounded annual growth rate (CAGR) of 6-8 per cent.In terms of volume, about 1.2 million commercial tyres and 1.5 million passenger vehicle tyres are manufactured annually.The industry is ominated by 4 players-MRF, APOLLO, J.K and CEAT.
Ranking of Indian tyre companies on the basis of production
1. MRF Tyres Limited
2. Apollo Tyres Limited
3. JK Tyres Limited
4. CEAT Tyres Limited
5. Birla Tyres Limited
6. Good Year India Limited
7. Vikrant Tyres Limited
Indian tyre manufacturing companies are re-engineering their business and looking at strategic tie-ups world wide. The future is expected to see many strategic alliances among the domestic and global players. They include the OEM segment with vehicle manufacturers looking for fresh tie-ups or strengthening of existing partnerships.The tyre industry has evolved from the more basic