Govt has to play a big role to ensure firms don’t go bankrupt: Apollo Tyres MD - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Govt has to play a big role to ensure firms don’t go bankrupt: Apollo Tyres MD

India has much to gain if govt can develop country as a global automobile hub, says Apollo Tyres MD. Kanwar said the business environment is “very difficult” currently. In Europe, which accounts for a third of the revenues at Apollo Tyres, several vehicle and component manufacturers — Volkswagen, Renault, FCA, Magneti Marelli — have suspended operations.

from Industry-Economic Times
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