GURAGON, India (May 25, 2012)—Apollo Tyres Ltd. has restructured its research and development team to create synergy and greater alignment to the company's growth plans and to speed up the process when entering new markets.
This comes soon after a decision at the management level to increase Apollo's focus on core research and a substantial increase in R&D spending over the next few years, the company said in a statement.
“We have merged our research and development resources of nearly 250 individuals from Africa, Europe and India, under the leadership of two of our finest experts,” said Neeraj Kanwar, vice chairman and managing director, Apollo Tyres Ltd.
Chief Adviser P.K. Mohamed, will lead the commercial vehicle tire division, which will be housed on the same campus as the Chennai, India, manufacturing facility.
Group Head Peter Snel will be in charge of the passenger tire unit from a facility being set up in Enschede, Netherlands.
“While commercial and personal vehicle tire development and testing will be located in India and the Netherlands respectively, smaller teams across key markets will work on customizing each global product to market requirements and testing under local conditions,” Kanwar said.
Mohammed is one of the founding members of Apollo's “technology journey” in both commercial and passenger tires, and is credited with developing some of the firm's most successful tire lines, Apollo said.
“Our clear focus is on bringing to market leaner yet robust products for the commercial segment which deliver on the parameters of lower fuel consumption, increased tire life and added safety features,” Mohammed said.
Snel jointed Apollo Vredestein more than a decade ago and has been a key member of the team which established Vredestein as a niche ultra high performance tire brand.