CEAT Pledges Rs 2,800 Crore Investment In The Next 5 Years

https://youtu.be/f3YpX_N_7Ws?si=UG7Mu9ZAnB8vOSQo

  • CEAT Pledges Rs 2,800 Crore Investment In The Next 5 Years

  • One of the leading tyre manufacturers serving the Indian market, CEAT (flagship of RPG Enterprises) has announced its commitment to invest Rs 2,800 crore over the period of next 5 years to boost tyre production.

  • According to officials, after this development, the overall yearly capacity of CEAT will become 1 million tyres for truck bus radials, 6 million tyres for cars and 17 million tyres for two wheelers. Anant Goenka, MD, CEAT, said this will help the company grow fast in their focus segments; two-wheelers and passenger car tyres segment. 

  • They will also increase the production of truck bus radial tyres to maintain their market share in coming future. 

  • The amount will be made available through both the equity and debt.

  • The plans to enhance its tyre making capacity by investing this amount in various manufacturing facilities across India to meet the demand of tyres for bus, truck, cars, scooters, etc.

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