Apollo Tyres , a prominent player in the Indian tyre industry, has recently found itself embroiled in a customs dispute regarding anti-dumping duty payments. The company has received an order from the Joint Commissioner (Customs) at Nhava Sheva, demanding payment of anti-dumping duty along with a penalty and fine totaling Rs 12.69 lakh.

Order Details

The order, issued under the Customs Act, 1962, stems from a disagreement over the alleged short payment of anti-dumping duty by Apollo Tyres. The company received the communication on October 27, 2025, as disclosed in their regulatory filing.

Financial Impact and Company's Response

Apollo Tyres has stated that this order does not have a material impact on the company's financial position, operations, or other activities. In response to the order, the company plans to take the following steps:

1. File an appeal before the Appellate Authority
2. Contest the demand and penalties imposed

Regulatory Disclosure

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Apollo Tyres has made a formal disclosure to the stock exchanges. The disclosure provides details as mandated by SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Key Information from the Disclosure

While the order presents a regulatory challenge for Apollo Tyres, the company's prompt disclosure and planned appeal demonstrate its commitment to addressing the issue through proper channels. Investors and stakeholders will likely keep a close watch on the developments of this case and its potential implications for the company's international trade practices.

Apollo Tyres , a leading player in the Indian tyre industry, has set ambitious goals and made strategic moves to boost its growth and brand visibility.

Growth Targets and GST Impact

Apollo Tyres is aiming for double-digit revenue growth in the coming years, driven by stronger domestic demand and a potential GST rate reduction on tyres from 28% to 18%. Neeraj Kanwar, Vice Chairman and Managing Director, has stated that the company will pass the full GST benefit to customers, which is expected to lower vehicle maintenance costs and stimulate demand.

Landmark Cricket Sponsorship Deal

The company has secured a ₹579.00 crore deal to become the Indian cricket team's jersey sponsor through March 2028. This agreement covers 121 bilateral games and 21 ICC matches, replacing the previous sponsor, Dream11.

Deal Highlights

This partnership aims to strengthen consumer trust and enhance brand visibility in India, where Apollo generates 65% of its revenues, and across global cricket markets.

Strategic Importance

Neeraj Kanwar emphasized the synergy between Apollo Tyres and Team India, describing the collaboration as "one institution partnering with another." This move is expected to significantly boost Apollo's brand presence in the cricketing world and potentially open up new markets for the company.

Market Position and Performance

Apollo Tyres currently has a market capitalization of ₹30,732.00 crore, with shares trading at ₹483.60. The company's stock has seen a 5% decline over the past year.

Corporate Governance Initiative

In a separate development, Apollo Tyres has published a notice regarding the "Saksham Niveshak Campaign" initiated by the Investor Education and Protection Fund Authority (IEPFA). This 100-day campaign, running from July 28, 2025, to November 6, 2025, aims to update KYC details and engage shareholders to prevent the transfer of unpaid/unclaimed dividends to the IEPF Authority.

Looking Ahead

As Apollo Tyres embarks on these strategic initiatives, the company is poised for an exciting period of growth and increased visibility. The combination of potential GST benefits, high-profile cricket sponsorship, and focus on corporate governance demonstrates Apollo's multifaceted approach to driving business growth and enhancing shareholder value in the coming years.