Ceat has invested Rs 300 lakh in the equity shares of Tyresnmore Online, a wholly owned subsidiary of the Company by way of subscription to Right Issue. The company’s shareholding post this investment remains 100%.
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.