Ceat to expand consumer tyre production
JK Tyre & Industries is not the only Indian tyre maker that has announced it will invest to increase production capacity; RPG company Ceat Limited says it will expand radio production at its Halol plant in GujaratState. A total of Rs 6.5 billion (£65.7 million) will be invested in the project.
“Ceat is seeing traction in UV (utility vehicle) radials and passenger cars,” stated Ceat managing director Anant Goenka. “In order to cater to the growing demand of Ceat tyres in the domestic replacement market as well as to cater to new OEMs, we are expanding our production in passenger car and UV radials by 12o tonnes per day.”