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 Banking/Finance-Industry-Economic Times https://ift.tt/39mMMVE