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Continental, Metro set to sign deal - Views on News from Equitymaster

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Continental, Metro set to sign deal

Oct 29, 1999

Newspaper reports reveal that Continental AG plans to enter into technology assistance and offtake agreements with Metro Tyres for the manufacture of scooter and motorcycle tyres. At a later stage, Continental would also consider entering into licensing agreement with Metro, whereby the latter would manufacture and market two-wheeler tyres under the Continental brand name.

Initially, Continental AG, will buy cycle tyres and tubes from Metro and will sell it in the international market under the ĎContinentalí brand name. This will beef up Continentalís presence in the international cycle tyre market.

If the Continental-Metro venture is successful, there could be more international tyre manufacturers outsourcing their requirements from India. This is so, because Indian labour is relatively cheap, and unit cost of tyre is low in the country. International majors could import cheaper tyres from India, and sell them in the overseas market to establish a presence in newer areas like cycle tyres.

The upside for the Indian partner will be a spurt in forex earnings. Moreover, it could enter into a licensing agreement with the international company to sell tyres in the Indian market under the foreign partnerís brand name. This will see an appreciation in domestic sales.


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APOLLO TYRES Announces Quarterly Results (3QFY19); Net Profit Down 19.3% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, APOLLO TYRES has posted a net profit of Rs 2 bn (down 19.3% YoY). Sales on the other hand came in at Rs 47 bn (up 17.5% YoY). Read on for a complete analysis of APOLLO TYRES's quarterly results.

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For the quarter ended September 2018, APOLLO TYRES has posted a net profit of Rs 1 bn (up 4.2% YoY). Sales on the other hand came in at Rs 43 bn (up 24.6% YoY). Read on for a complete analysis of APOLLO TYRES's quarterly results.

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