Apollo Tyres Initiates Plan to Cease Netherlands Production by 2026 Amid Rising Costs

announced plans to discontinue tyre manufacturing operations at its Netherlands-based subsidiary, ATNL, by the summer of 2026, in response to escalating production costs. On April 25, ATNL submitted a report to its Works Council in Enschede, marking the beginning of the mandatory consultation process under Dutch regulations. The decision remains subject to the Works Council's advice and approval from ATNL's Supervisory Board. In FY24, ATNL contributed ₹1,460 crore to Apollo Tyres' consolidated revenue and ₹1,500 crore to consolidated profit before tax, accounting for approximately 6% of both metrics. ATNL’s net worth stood at ₹1,170 crore, representing about 8% of the group’s consolidated net worth. While the move reflects a strategic response to cost pressures in Europe, Apollo Tyres is adhering to all local legal frameworks, ensuring a structured and compliant transition. Follow me for more such posts, Thank You! Note: This is for informational purposes only.