Ceat Tyres Plans to Expand Capacity
Ceat Tyres plans to expand production capacity at its Nashik radial tyre plant. Managing director Paras K. Chowdhary told local newspapers: “The Nashik plant has a production capacity of 40,000 tyres per month, which would go up to 65,000 after expansion.” The company plans to raise to capacity to 100,000 PCR tyres per month six months after the first phase is complete.
Mr Chowdhary told moneycontrol.com the company has 45 per cent overall market share in the Sri Lankan tyre market. And it plans to export light commercial vehicle (LCV) and passenger car radials from the Sri Lankan plant to India, taking advantage of the free trade agreement between the two countries.
According to reports, Ceat has a 28 per cent market share in the OTR segment.