Ceat Tyres To Set Up A New Plant In Tamil Nadu
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Ceat Tyres To Set Up A New Plant In Tamil Nadu

CEAT Tyres

Ceat Tyres Set New Plant Tamil Nadu

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India’s leading tyre manufacturer CEAT Tyres, an RPG group’s flagship company, has decided to set up a greenfield tyre manufacturing plant near Sunkuvarchatram, which is located about 50 km from Tamil Nadu’s capital Chennai, the facility will be spanning over an area of about 163 acres with an investment amounting to Rs. 5,000 crore. This project, which is currently on the table, will help to the India’s southernmost state of Tamil Nadu which has been scrambling for investments for some time.

A source close with the project has disclosed that a private party has aggregated the land and the registration formalities happened a few weeks ago. The management is finalising the factory plan and soon will sign an incentive package agreement with the Tamil Nadu government later this month.

The upcoming plant will have the capacity to manufacture nearly 150 tonnes of tyre per day for trucks, two wheelers and cars in the first phase, and slowly the plant will increase the production. The proposed tyre plant is aimed at tapping the leading OEMs including TVS Motors, Hero Motors, Ashok Leyland and others which have manufacturing plants nearby. The company is also planning to utilise this proposed plant for the purpose of exports.

This project will give a much needed uplift to the Tamil Nadu’s image as an investor-friendly state which has been on losing end in the recent years as most of the investments went to the neighbour states of Telangana and Andhra Pradesh.

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