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CEAT enters into agreement with E-Fleet Systems

14 Jun 2019 Evaluate

CEAT has entered into Share Subscription and Shareholders’ agreement with E-Fleet Systems for making investment of not exceeding Rs 4 crore in E-Fleet. The company is investing in the business of E-Fleet to develop a stronger relationship with E-Fleet through which it can offer its application to its fleet customers who are more and more looking for a comprehensive technology solution to optimize their businesses.

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 123284.50
Apollo Tyres 401.55
JK Tyres & Inds. 339.55
Ceat 3285.15
Balkrishna Inds. 2067.10
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