Ceat is planning to invest Rs 300 crore to set up a manufacturing facility in Maharashtra to primarily serve export market for off-road radial tyres. The company has already transferred its land in Ambernath, Maharashtra to its wholly-owned subsidiary Ceat Specialty Tyres (CSTL) to set up the plant.
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.