MoneyWorks4Me

Ceat to set-up plant for manufacturing 2-3 wheeler tyres

31 Oct 2014 Evaluate

Ceat has received an approval for investment of Rs 420.00 crore for setting up a plant for manufacture of 2-3 wheeler tyres with a capacity of 120 MT/day. The board of directors at their meeting held on October 30, 2014 has approved for the same.

Ceat is among the best tyre manufacturers in India. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks. Besides tyres, the company also manufactures and markets tubes and flaps.

Peers
Company Name CMP
MRF 126500.00
Apollo Tyres 406.50
JK Tyres & Inds. 346.00
Ceat 3276.15
Balkrishna Inds. 2120.00
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