Apollo Tyres - Current Affairs Questions and Answers

1)   Apollo Tyres has acquired which German based tyre firm:

a. MRF
b. Reifencom
c. Cooper Tires
d. Continental AG
Answer  Explanation 

ANSWER: Reifencom

Explanation:
Apollo Tyres has acquired German based tyre distributor Reifencom GmbH for Euro 45.6 million (around INR 301 crore). This is one of the largest tyre distributors in the country and it has online presence in 5 other nations-France, Italy, Austria, Switzerland and Denmark plus it operates 37 stores and service centres across Germany. This acquisition is a strategic fit for Apollo Tyres given its growing European business.