CEAT has lined up investment of Rs 3,500 crore to ramp up manufacturing capacity across its plants over the coming three to four years. The company has already put in capital to expand its Halol plant in the state of Gujarat.
The total investment in capacity expansion is Rs 3,500 crore, including the amount already incurred on the Halol commercial radial tyre expansion, with the remaining amount to be spent over the next 3-4 years. The company has increased its commercial radial tyre capacity at Halol plant to 9.6 lakh tyres per annum.
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.
