Dec 29 2016 | India Opportunities
Ceat to Expand Tyres Production Capacity
CEAT plans investment to expand the production capacity at its plants manufacturing heavy duty bus and truck tyres, passenger car tyres and two-wheeler tyres. The investment to the tune of Rs 2800/- crore is planned over a five year period. On completion of the expansion project by 2022, the production capacity would go up by 1 million tyres per annum for truck bus radials, 17 million tyres per annum for 2-wheelers and 6 million tyres per annum for passenger car radials.