MUMBAI, India—Apollo Tyres Ltd. has resumed partial production at one of its manufacturing plants in India, according to an April 22 stock exchange filing.
The tire maker said manufacturing activities at its factory Perambra, India, on April 21 after government directives exempting 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 temporarily closed its passenger car tire production unit in Gyongyoshalasz, Hungary, saying at the time it only would produce much-needed agricultural tires there. The company also heavily scaled back manufacturing at its plant in Enschede, Netherlands.
But manufacturing reduction wasn't the only action Apollo took as a result of the coronavirus spread.
Apollo's top executives 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 percent reduction in their salary, while the company's senior management has taken a voluntary reduction in their salary by 15 percent in a show of solidarity.