CEAT is planning to invest Rs 20 crore for expanding its exclusive sales and service outlet -- Shoppe -- as the tyre maker sees ‘very good’ demand from the cities having a population of three lakh and below.
The company had set up Shoppe as a one-stop facility for all tyre-related requirements to service customers in cities having more than a 5 lakh population. Last month, the company announced that over 200 outlets will now act as a full-fledged customer service centre. Currently, the tyre maker has around 325 sales and service facilities pan-India, including Shoppe.
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.
Company Name | CMP |
---|---|
MRF | 130146.30 |
Apollo Tyres | 484.50 |
CEAT | 2377.05 |
Balkrishna Inds. | 3051.40 |
JK Tyres & Inds. | 417.25 |
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