CEAT Pledges Rs 2,800 Crore Investment In The Next 5 Years

One of the leading tyre manufacturers serving the Indian market, CEAT (flagship of RPG Enterprises) has announced its commitment to invest Rs 2,800 crore over the period of next 5 years to boost tyre production. The plans to enhance its tyre making capacity by investing this amount in various manufacturing facilities across India to meet the demand of tyres for bus, truck, cars, scooters, etc.

According to officials, after this development, the overall yearly capacity of CEAT will become 1 million tyres for truck bus radials, 6 million tyres for cars and 17 million tyres for two wheelers. Anant Goenka, MD, CEAT, said this will help the company grow fast in their focus segments; two-wheelers and passenger car tyres segment. They will also increase the production of truck bus radial tyres to maintain their market share in coming future. The amount will be made available through both the equity and debt.

In another important development, CEAT has announced its new CFO. Kumar Subbiah will take over the reins from Manoj Jaiswal from 16th January 2016.

About the Company:

CEAT is one of India’s leading Tyre Manufacturer that has a global presence and huge network of distributors. It is headquartered in Mumbai. It makes tyres for cars, trucks, buses, auto rickshaws, etc., with a manufacturing capacity of little below 1 lakh tyres a day.

Author: Ankit verma

My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I’m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life. Read more