MUMBAI, India — Apollo Tyres Ltd. has resumed partial production at its truck, farm and OTR tire plant in Perambra, India, according to an April 22 stock exchange filing.
The tire maker said it resumed manufacturing activities at the Perambra factory on April 21 after government directives exempted its operations from lockdowns, Apollo said in the BSE filing.
The tire maker halted operations at its Indian sites — in Kalamassery, Limda, Gujarat and Chennai — on March 24, following a nationwide lockdown to control the spread of COVID-19.
In an April 23 statement to ERJ, Apollo said it would provide updates on the restart of production at other facilities in India and overseas when those decisions are made and implemented.
In addition to closing plants in India, Apollo idled car tire production at its plant in Gyongyoshalasz, Hungary, saying at the time it would continue to make much-needed agricultural tires there. The company also heavily scaled back manufacturing at its plant in Enschede, Netherlands.
Apollo's top executives also took a reduction in pay to help limit the financial impact of the COVID-19 pandemic on the company. Chairman and Managing Director Onkar S. Kanwar and Vice Chairman and Managing Director Neeraj Kanwar are taking a 25% reduction in their salary, while the company's senior management has taken a voluntary reduction in their salary by 15% in a show of solidarity.