iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Production at the Gujarat Apollo Tyres Limda facility is halted due to a labour conflict

21 Sep 2023 , 11:31 AM

The manufacture of bias and Off-The-Road (OTR) tyres at Apollo Tyres’ Limda facility in Gujarat has been suspended, the company said on Wednesday. The suspension is the result of worries from shop floor workers regarding the extension of a long-term settlement deal. An amicable conclusion is being discussed, the company stated in a regulatory filing, with labour union officials.

The business added that, even though it is closely watching the situation, it has contingency plans in place to lessen any supply shortages. Apollo Tyres also highlighted that its business operations are currently unaffected materially.

One of Apollo Tyres’ second-largest sites in India is the Limda facility. It contributed to the company’s overall output of 676,915 metric tonnes during the same period by producing 150,359 metric tonnes of tyres.

By the time of going to press, attempts to contact the company by phone and email for comment on the significance of this production halt had yielded no results.

Seven production facilities are run by Apollo Tyres, with five in India and two in Europe.

For feedback and suggestions, write to us at editorial@iifl.com

Apollo Tyres Limited, a Great Place to Work

Related Tags

  • Apollo Tyres
  • Labour
  • Limda
sidebar mobile


Read More

Most Read News

Oil prices hold firm despite mixed signals
17 Jul 2024|10:51 AM
Dollar weakens on Fed cut expectations
17 Jul 2024|09:54 AM
Sensex and Nifty end in green
16 Jul 2024|04:34 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.