
Vredestein is owned by Apollo Tyres Limited (NSE: APOLLOTYRE), the Indian tire manufacturer headquartered in Gurugram, India. Apollo acquired the Dutch tiremaker in 2009, folding it into Apollo Vredestein B.V. in Amsterdam. Founded in 1909, Vredestein is one of the world's oldest tire brands, positioned at the premium tier for passenger car, agricultural, and bicycle tires.
Parent Company
Acquired
2009
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Vredestein | Apollo Tyres Limited | Subsidiary |
Emile Louis Constant Schiff founded the company in Delft, Netherlands, in 1909, initially producing rubber products before moving into tires. The Vredestein name became one of Europe's oldest tire brands, building early strength in agricultural tires and expanding into passenger car and bicycle tires through the twentieth century.
The company passed through several owners in the postwar era. It was part of the Dutch rubber conglomerate that became Vredestein Icopro, and by the 1990s it was majority-owned by the state before privatization and a period of financial distress in the early 2000s. A 1997 design partnership with Italian studio Giugiaro gave the brand its signature focus on styled tread and sidewall design, a differentiator it retains today.
Apollo Tyres acquired Vredestein in 2009 and renamed it Apollo Vredestein B.V. Under Apollo, the company invested in the Enschede plant and opened a global R&D center there in 2013. Apollo relocated the European head office to Amsterdam in 2015.
Restructuring followed as European tire manufacturing came under cost pressure. In 2020, Apollo announced 750 job cuts at Enschede and the planned end of regular passenger car tire production there. The pressure continued: in April 2025 Apollo announced the plant would close, and tire production at Enschede ended definitively on June 30, 2026, eliminating about 500 jobs. Production moved to Apollo's plants in Gyöngyöshalász, Hungary, and India, while the Enschede R&D center remains.
In a further 2026 development, Apollo Tyres decided to exit the Vredestein bicycle tire business in Europe and entered advanced talks with external parties to continue the bicycle tire line under new ownership, aiming to secure a sustainable future for that part of the brand.
Who owns Apollo Tyres?
Apollo Tyres is publicly traded on India's National Stock Exchange (APOLLOTYRE) and BSE (500877), with the Kanwar family holding controlling promoter shares. Onkar Kanwar is chairman and Neeraj Kanwar is vice chairman and managing director.
What brands does Apollo Tyres own?
Apollo Tyres owns the Apollo brand for India and global emerging markets, the premium Dutch brand Vredestein for Europe, and ReifenCom, a German tire retail chain. It acquired Vredestein in 2009.
Is Apollo Tyres publicly traded?
Yes. Apollo Tyres is listed on the National Stock Exchange of India under APOLLOTYRE and on the BSE under 500877. Consolidated revenue for fiscal 2026 was INR 284.7 billion.
When was Apollo Tyres founded?
Apollo Tyres was incorporated in 1972 and began commercial production in 1977 at Perambra, Kerala, India. The company is headquartered in Gurugram, Haryana.
Does Apollo own Vredestein?
Yes. Apollo Tyres acquired the Dutch tire brand Vredestein in 2009 and operates it through the subsidiary Apollo Vredestein B.V. in Amsterdam. Tire production at the historic Enschede plant ended in June 2026.
How many employees does Apollo Tyres have?
Apollo Tyres employs approximately 17,000 people across its Indian plants, European operations in Hungary and the Netherlands, and global sales offices.
The principal recent controversy is the Enschede plant closure: Apollo's decision to end more than a century of Vredestein manufacturing in the Netherlands drew significant Dutch media and political attention, with criticism sharpened by the fact that Apollo had received Dutch recognition as a Top Employer in early 2026. The closure reflects a wider contraction of European tire manufacturing affecting Goodyear, Michelin, Yokohama, and Bridgestone.
Product-level recalls have been routine for a tiremaker of its size, with no major sustained safety controversy on record.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Goodyear | USA | 1898 | Premium | Global | All Genders | |
| Michelin | France | 1889 | Premium | Global | All Genders | |
| Otani Tire | Thailand | 1986 | Mass market | Asia pacific | All Genders |
AutomotiveOwned by The Goodyear Tire & Rubber Company
Flagship premium tire brand of The Goodyear Tire & Rubber Company, sold worldwide across consumer, commercial truck, aviation, and racing applications since 1898.
AutomotiveOwned by Michelin
French premium tire brand manufactured by Michelin, headquartered in Clermont-Ferrand, France. The Michelin brand was valued at $10.3 billion by Brand Finance in January 2026. Michelin reported sales of EUR 26.0 billion in 2025 and employs 122,600 people worldwide.
AutomotiveOwned by Otani Tire Co., Ltd.
Thai tire brand of Otani Tire Co., Ltd., a Southeast Asian manufacturer of truck, bus, agricultural, and off-the-road tires founded in 1986.
Market Positioning: Vredestein competes with 3 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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AutomotiveOwned by Kemflo International Co., Ltd.
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