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You are here: Home1 / CEAT

CEAT Ltd.

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Ceat: Q3 2022 financial results

Company News

Ceat Limited, an RPG Group company, reports consolidated revenue of Rs 27.27 billion (£269.9 million) for the three months to 31 December 2022, the third quarter of its financial year. This result represents a year-on-year increase of 13.0 per cent. EBITDA rose 61.8 per cent year-on-year to Rs 23.14 billion (£229.0 million), with an EBITDA margin of 8.5 per cent, up 256 bps compared with the same period of last year. Net profit stood at Rs 348 million (£3.4 million).

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Related news:

  1. Ceat: Higher input costs squeezing margins
  2. Apollo Tyres annual net profit up 12 per cent, but European sales slide
  3. Ceat Ltd: Profit drops 99%
  4. MRF: Profits halved thanks to unprecedented material cost rises
27th January 2023/0 Comments/by Stephen

Ceat plant named a WEF Lighthouse

Company News

Ceat has become the first tyre brand to gain World Economic Forum (WEF) ‘Lighthouse’ certification. Managing Director Anant Goenka accepted the honour at a ceremony in Davos on Monday. The tyre maker’s Halol plant in India is one of just 132 facilities in the WEF Lighthouse Network.

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Related news:

  1. Off-highway capacity to double: Ceat curtails TBR expansion
  2. Export markets a focus for Ceat agricultural tyre plant project
  3. Goenka reappointed as Ceat Ltd MD
  4. Ceat Ltd: Profit drops 99%
18th January 2023/0 Comments/by Stephen

Ceat Specialty lifts ag radial capacity 50% – further growth planned

Company News

Ceat Specialty reports having increased its production capacity for agricultural radial tyres by 50 percent in 2022, a measure undertaken to meet growing demand for its agricultural radial tyres in Europe and around the globe. Further growth plans include raising production capacity for these products by 55 tons per day over the next two years.

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Related news:

  1. Agritechnica debut for 2 new Ceat farm tyres
  2. Ceat promoting growing agri tyre range for Europe
  3. Ceat extending ‘premium’ agri tyre range in coming year
  4. Ceat brings VF tech to Torquemax tractor tyre range
19th December 2022/by Stephen

Indian tyre makers investing to boost local rubber production

International News

According to Dr Sawar Dhanania, chairman of the Government of India’s Rubber Board, natural rubber production within the country “will not be sufficient to meet the consumer industry’s demands” in coming years. He thus sees an “urgent need” to increase the area under rubber cultivation, something that tyre makers are helping to achieve via the NE-MITRA project.

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Related news:

  1. India’s tyre makers meet government to talk rubber prices
  2. India’s competition body shares news of tyre maker cartel
  3. India: Review recommends China TBR duties for 3 more years
  4. Indian Tyremakers to Spend £670 million
10th November 2022/by Stephen

Ceat offering growing made for Europe truck range

Product News

Many people don’t realise that the Ceat tyre brand began life in Italy. Many also aren’t aware that Ceat is today one of India’s top tyre makers and offers a full portfolio, from scooter through to tractor tyres. Truck tyres too, and the company is currently working to gain a foothold within this sector in the UK and Europe. It is spearheading efforts here with the new generation Winmile range.

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Related news:

  1. Tyre Importers Accused of ‘Dumping’ In India
  2. Ceat Ramping Up Radial Imports, Production
  3. Indian Tyremakers Raise Prices with Rubber Soaring
  4. Heuver Continues Spectacular Growth
25th October 2022/by Stephen

Ceat offering broad summer, all-season & winter line-up

Product News

Arguably best known in the UK through its agricultural range, Ceat also produces a full line of passenger and commercial tyres. The well-known Indian brand is now offering a comprehensive range in Europe and the UK, including products developed with the assistance of the CEAT European Technical Centre (CETC) in Germany. We will look at the truck range at a later date, and here focus on the eight lines Ceat is offering for the passenger vehicle and light commercial segments.

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Related news:

  1. Davanti unveils wave of new product, partnership news at first conference
  2. All-season tyre growth, especially for premium brands – GfK
  3. Covid year a catalyst for UK light vehicle tyre market trends
  4. Kevin Burke Tyres to supply BFGoodrich in Ireland to mid-2024
29th July 2022/by Stephen

Ceat appoints Phil Bradley as UK BDM

Career Tracks, UK News
Ceat

Ceat has appointed Phil Bradley as the tyre brand’s UK business development manager. In this new role, Bradley will spearhead the development of the brand in the UK, focusing on passenger car tyre lines along with other segments in due course.

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  1. Duraturn UK establishes local sales team
  2. ATS Euromaster appoints Jones as Head of National Fleets
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  4. Hankook appoints Paul Emery as sales director
19th April 2022/by Chris

Continental included in tyre cartel investigation

Company News, International News

The Competition Commission of India (CCI) investigation into alleged cartel activities and anti-competitive behaviour doesn’t exclusively focus on local tyre makers. Stock exchange Börse Frankfurt shares news from the German Press Agency (dpa) regarding the visit of CCI officials to a site operated by Continental AG in the city of Faridabad. The statement shares that Continental is “cooperating fully with the authorities” but does not want to comment on the details of this ongoing investigation.

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Related news:

  1. Indian competition body searches tyre makers’ premises
  2. India’s tyre makers meet government to talk rubber prices
  3. India’s competition body shares news of tyre maker cartel
  4. Indian tyre stocks fall back
1st April 2022/by Stephen

Indian competition body searches tyre makers’ premises

International News

Indian stock exchange BSE sought clarification from three tyre makers after media outlet CNBC-TV18 reported yesterday that the Competition Commission of India (CCI) had visited their premises as part of its investigation into alleged competition violation and cartelisation. One of the tyre firms, Apollo Tyres Ltd., responded to the BSE query earlier today. The other two manufacturers, Ceat Ltd. and MRF Ltd., have yet to reply.

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Related news:

  1. India’s competition body shares news of tyre maker cartel
  2. Tyre stocks skyrocket in India
  3. Indian Manufacturers Feel Margin Squeeze
  4. Sonil Ventilfabrik Hosts 27th ITTAC Meeting
31st March 2022/by Stephen

Sri Lanka: Kelani/CEAT to invest in expanding tyre manufacturing capacity

International News

On 31 January 2022 Kelani Tyres PLC announced plans from the Kelani Tyres/Ceat joint venture to invest up to 3.2 billion Sri Lanka rupees (£11.637 million; 13.915 million euros; US$15.801) in increasing its tyre manufacturing capacity via machinery upgrades.

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Related news:

  1. Ceat radial production getting a boost in Sri Lanka
  2. Triangle building fifth factory
  3. Official opening of Ceat JV plant draws near
  4. Ceat inaugurates factory expansion
3rd February 2022/by Chris

India’s competition body shares news of tyre maker cartel

International News

Yesterday the Competition Commission of India (CCI) finally made public the news that back in 2018 it found five tyre makers and India’s tyre industry association guilty of contravening the provisions of India’s Competition Act by indulging in cartel activities in 2011 and 2012. All protagonists have been fined for their actions.

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Related news:

  1. Lockdown stops tyre production in India
  2. Indian tyre manufacturer shares surge over Easter
  3. Tyre makers bidding for India’s Falcon Tyres
  4. Sonil Ventilfabrik Hosts 27th ITTAC Meeting
3rd February 2022/by Stephen

Off-highway capacity to double: Ceat curtails TBR expansion

Company News, International News

With exports of its off-highway tyres (OHT) particularly healthy at present, India’s Ceat Limited has decided to increase its strategic focus in this area and will more than double agricultural radial capacity by mid-2023. Existing plans to expand truck and bus radial (TBR) production are thus taking a back seat.

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  4. Apollo Tyres: Netherlands car tyre production down, but not out
27th January 2022/by Stephen

Ceat introducing European truck tyre range

Company News, International News, Product News

Indian manufacturer Ceat Limited intends to launch a range of truck radial tyres in Europe during the first half of this year. Speaking during an earnings call yesterday, managing director Anant Goenka said the range would arrive in “four to six months’ time” and further push the strong growth the company is already experiencing in the region. The line-up would be similarly positioned to the “Korean players” in the market, he added.

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Related news:

  1. Ceat Ltd: Profit drops 99%
  2. Ceat: Higher input costs squeezing margins
  3. Marangoni appoints PwC to sell its Anagni car tyre plant
  4. Export markets a focus for Ceat agricultural tyre plant project
21st January 2022/by Stephen

Ceat: Higher input costs squeezing margins

Company News, International News

Tyre maker Ceat Limited, the flagship subsidiary of India’s RPG Group, reports that its net revenue increased 23.9 per cent year-on-year in the second quarter of its financial year, the three months to 30 September 2021, to Rs 24.52 billion (£237.51 million). Despite growing revenues, EBITDA shrank from Rs 3.06 billion to 2.25 billion (£21.79 million), and the margin contracted 6.3 percentage points to 9.2 per cent. Net profit stood at Rs 420 million (£4.07 million).

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Related news:

  1. Ceat Ltd: Profit drops 99%
  2. Export markets a focus for Ceat agricultural tyre plant project
  3. Apollo Tyres annual net profit up 12 per cent, but European sales slide
  4. Ceat YOY profit surges
28th October 2021/by Stephen

Amit Tolani named Ceat Specialty chief executive

Career Tracks, Company News, International News
Ceat

Roughly two years after he was appointed Ceat Ltd VP of marketing, Amit Tolani has been named chief executive of Ceat Specialty, effective 1 June 2021. Ceat Specialty has its EU office in Amsterdam and has been serving European farm and OTR tyre customers since 2017. Tolani joined Ceat in 2004 and has served in various roles across sales, marketing and supply chain functions. Prior to his latest appointment, he was the chief marketing officer of CEAT.

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  2. Prometeon appoints Ali Yilmaz as UK, Eire and Nordic marketing manager
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  4. Early 2016 opening for BKT R&D centre
15th June 2021/by Chris
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