Apollo Tires said on Monday that the company expects the adoption of electric vehicles (EVs) to accelerate over the next few years and prepares to meet demand in the passenger vehicle (PV) segments as well. only two-wheel segments, from both original equipment manufacturers. (OEM) and aftermarket.
The volume of tires for two-wheeled electric vehicles is about 30,000 units per month in the aftermarket and is expected to increase in the near future, said Satish Sharma, president (Asia-Pacific, Middle East and Africa). Activity area
He said the company has already teamed up with Hero Electric as an OEM partner for electric scooters and is in talks with other manufacturers for the same. The company will launch tires for electric motorcycles in the future once the market is booming.
“Vehicle weight increases dramatically for EVs due to the battery and the tires used now are standard tyres… We are looking at a lion’s share, over 30% for PV and for two-wheelers,” Sharma said. .
The company unveiled the Apollo Amperion range of tires for the PV segment and the Apollo Wav range for two-wheelers.
The Amperion will target EVs in the hatchback, compact SUV and sedan segments in India like the Tata Nexon, MG ZSEV, Hyundai Kona and other upcoming EVs. It has received the fuel economy label with five stars for the PV category from the Bureau of Energy Efficiency (BEE). Likewise, Wav will cater for the majority of high-powered electric scooters like the TVS iQube, Bajaj Chetak and Ather 450.
“Our products are born electric now, so more partnerships will happen. Whoever comes with an EV, we’re in the queue and ahead of the curve and more than willing to partner (whether it’s Maruti Suzuki’s 2025 EV and Hero’s upcoming Vida EV brand MotoCorp),” he said.
For the luxury car segment, the company would start manufacturing in a year for export markets with its “Vredestein” brand, as the demand for them will increase with companies like Audi, BMW and Mercedes-Benz launching more of products.
With the growth of the EV market, other major tire brands like JK Tire have also recently launched the full line of EV-specific smart radial tires for all classes of buses, trucks, light commercial vehicles and passenger cars in India.
August 01, 2022