CEAT is aiming at increasing production capacity to around 1,400 tonnes a day over the next 18 months as it looks to cater to the enhanced demand in both domestic and export markets. The company is already witnessing demand recovery in several of its export markets with improvement in the COVID situation in those geographies.
The company plans to invest about Rs 1,000 crore capital expenditure for various expansion projects this fiscal year. It has already initiated a slew of investments to enhance production capacities across its various plants.
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.
