The chairman provides an overview of Apollo Tyres' performance in the previous fiscal year and outlines plans for future growth. Key points include: - Apollo Tyres set up its first overseas greenfield facility in Hungary, which will help expand its product portfolio and market share in Europe. - The company launched its largest online brand campaign, "Rock the Road", to increase visibility of its Vredestein brand in Europe. - Apollo Tyres acquired the German company reifencom GmbH to boost online and retail distribution networks in Europe. - Domestically, Apollo Tyres entered the two-wheeler tyre market to offer a full product range in India.

1. apollotyres.com
Apollo Tyres Ltd
Apollo House, 7 Institutional Area. Sector 32, Gurgaon 122001, India
T: +91 124 2383002 | F: +91 124 2383821
www.apollotyres.com
Registered Office: Apollo Tyres Ltd, 3rd Floor, Areekal Mansion,
Panampilly Nagar, Kochi- 682036, India
T: +91 484 4012046 | F: +91 484 4012048 | E: investors@apollotyres.com
CIN: L25111KL1972PLC002449
CHAIRMAN SPEECH
ANNUAL GENERAL MEETING 2016
KOCHI, INDIA

2. APOLLO TYRES LTD
year history of our European brand Vredestein.
The campaign is aimed at increasing the brand’s
visibility and highlighting its premium offerings
and superior performance.
Your Company recognises that having strong
brands and increased product portfolio will
help in achieving our objective of profitable and
sustainable growth. There is also another pillar
of success – a strong retail network. We have to
expand our reach in the Key European markets.
I am glad to mention that your Company
acquired the Germany-based reifencom GmbH.
The acquisition will give our brands increased
visibility and its strong online presence in many
countries including Austria, Switzerland and
France will further support the growth of the
retail network in Europe and also help in our
journey to sell tyres online in other key markets
outside Europe.
The other major step that your Company took
to further cement its leadership position in the
Indian market was its entry into the two-wheeler
tyres market. Time and again, your Company’s
partners have requested us to give them the
best-in-class products in this segment. I must
compliment our strong R&D team which worked
relentlessly over the past 2 years in developing
the two-wheeler tyres, which are best suited
for the diverse Indian road conditions. With the
offering, Apollo Tyres is a full range player and
the two-wheeler tyres will support our vision of
creating a stronger and profitable company.
With a clear strategy laid out for the next two
years including the necessary marketing,
advertising and R&D push, I am confident that
we will soon be amongst the top 3 players in
this segment. Of course, the initiatives taken
in the past year in the other tyre segments like
the launch of the high-mileage passenger car
tyre Apollo Amazer 4G Life, that can run up to
100,000 kms, or the foray into the retreading
business or the marketing push for the Truck
bus radial segment are now bearing fruit as
your Company continues to gain market share
in other segments of the industry. In fact we are
doubling our capacity in this key segment to
further consolidate our leadership position.
However, if a company only focuses on profits
and growth, it is unlikely to create a long lasting
institution and leave a legacy for our future. For
us the belief comes from within, that without
giving back to society no business can be truly
successful and sustainable in the long run. It is
for this reason that Sustainability is at the core
of your Company. ‘Care for Society’ is one of the
six key values that drives each one of us at Apollo
Tyres ensuring that your Company and each
individual in the organization is at the forefront
of socially responsible actions. I am proud to
mention that your company was awarded the
prestigious ASIAN CSR Awards 2015 under
the Health Enhancement category by the Asian
Forum on Corporate Social Responsibility (CSR).
Kerala has always held a special place in our
hearts and I am extremely proud to mention
that recently the Kerala Chapter of the National
Institute of Personnel Management has
awarded your Company with the “NIPM Kerala
Best Corporate Citizen Award.” The award
acknowledges the efforts of your Company as
it engage its CSR in a systematic manner and
integrates it with the overall corporate strategy.
Another initiative by your Company along
with the local community is focused on pond
conservation which aims to restore a 200 year old
pond in Perambra. Your Company has initiated
the Kannur Kandal project which will look at
ensuring the survival of existing mangroves and
increase the acreage of such habitats across
Kannur, another example of our commitment to
our Mother State.
The next phase of your Company’s journey
has begun. As we start on the exhilarating and
challenging road ahead, we have outlined our
goals and aspirations as part of the Company’s
Vision 2020. We envision your Company to be
a premier tyre company with a diversified and
multinational presence. All the work that we are
doing aims to achieve this vision as we target
being the preferred partners for customers in
India and Europe and the best work place with
top notch talent.
We will continue to invest in our brands, have a
sharp focus on technologies and expand into new
markets and consolidate and increase existing
market shares. For sure there will be challenges.
But we are ready! I assure each one of you that
your Company has the necessary skills, the
knowledge and importantly the attitude to ‘go
the distance’. We never lose sight of the reason
we are here: to serve our customers, work with
our partners to offer best in class products, to
continuously repay the trust that you place in us
and generate a greater value for the society that
we live in.
In front of you here today I am extremely
confident of the future of your company as I
believe we are well positioned to capitalise on
the emerging opportunities in India and outside.
The Economic revival that is underway in India
is an opportunity for us to benefit from all our
past investments. The global economic scenario,
while not as exciting as India’s, still affords a
smart and agile player like us many windows to
further grow our business profitably. I started by
saying that the past year was a watershed one,
and I am convinced that we are today looking
at a very bright and prosperous shared future
together.
I would like to conclude by thanking each one
of you for having been a partner in this ongoing
journey. Your support is highly valued and your
Company’s success is an indication of the faith
you have always bestowed upon us. The support
that we continue to receive from our banks,
financial institutions and the state governments
of Kerala, Gujarat, Haryana, Maharashtra and
Tamil Nadu; and the governments of India,
Netherlands and Hungary, enable us to plan for
the future.
Thank you.
Onkar S Kanwar
Kochi, Kerala
August 9, 2016
Good Morning Ladies and Gentlemen,
It gives me great pleasure to welcome you to
the 43rd
Annual General Meeting of Apollo Tyres
Ltd. The Directors’ Report and Audited Accounts
for the financial year ended 31st
March 2016 are
with you. With your permission, I shall take
them as read.
The year 2015-16 will be remembered as a
watershed year for the company. I am proud to
remind you of some of the steps your Company
took to shake off the shackles of the past and
move into a new orbit.
The financial year began with the announcement
of the construction of the Greenfield facility in
Hungary. It is a matter of great pride for all of
us as shareholders and well-wishers of the
company as this is the first time any Indian
tyre company has set up a Greenfield outside
of our country. The honourable Prime Minister
of Hungary, Viktor Orbán, laid the foundation
stone of the facility. Time and again, your
Company has demonstrated its strong capability
in delivering large projects and I am confident
that we can meet our commitment of rolling out
the first tyres from the Hungarian plant by early
2017. This will help your Company to offer a
larger product portfolio to its customers in the
highly profitable European markets and increase
our market share.
In line with our strategy to increase our visibility
in our key markets, we rolled out the much-
talked about campaign – Rock the Road. It is the
biggest online campaign in the more than 100-
Chairman’s Speech
Annual General Meeting – August 9, 2016