Ceat invested Rs 3,500 crore to elevate production

Published On 2019-07-23 22:02:56By TyreDekho Team 609 views

images

Ceat has aligned investment of 3,500 crores to increase the productivity of its plants in the next 3-4 years, according to the company’s annual report for 2018-19. The RPG Enterprises flagship firm stated that it has already started expanding its Halol plant by giving in some capital.

The company said, “The net amount invested in expanding the capacity of all plants is 3,500 Crores including the amount invested in Halol (Gujrat) plant.” The company has elevated the production of tyres to 9.6 lakh tyres per annum in Halol Plant.

Ceat is also assembling a greenfield passenger car radial tyre plant near Chennai. The setup has got an investment of 2,000 crores and will have a production capacity of 96 lakhs tyres per annum.

Apart from this, the company is also investing in Nagpur plant to increase the production of two-wheeler tyres to 170 lakhs per annum. Ceat stated that both these project will take time to complete. They are expected to refurbished over 18-20 months.

The extension projects are capitalized by incorporation of internal accruals and debts. The exact investors are not cleared until now.

These escalations in production will enable Ceat to enhance its market share in the leading category of passenger car, commercial radial, utility vehicle radial, and two-wheeler tyre categories. These enhancements will help the company grow in all aspects. The capacity increment will provide fruitful results in the future. It will be beneficial for the customers and employees of the company as well.

Ceat exports tires to around 100 countries across the globe. These capacity enhancements will help Ceat to expand its business globally. The company has manufacturing outlets in Bhandup, Halol, Nasik, Nagpur, and Mumbai. The plant in Halol is undergoing renovation. The company also has a new manufacturing outlet in Ambernath, Maharastra, which started production last year.

You Might Also Be Interested In

Latest Tyres

  • Car
  • Bike
  • Dunlop AT 20 Grand Trek
    Dunlop AT 20 Grand Trek
    265/65 R17 110STubeless
    Rs14699
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Firestone FR500
    Firestone FR500
    185/65 R14 86HTubeless
    Rs3491
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • UltraMile UM 551
    UltraMile UM 551
    165/80 R14 85TTubeless
    Rs3505
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Bridgestone B290
    Bridgestone B290
    155/65 R12 77TTube
    Rs2985
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • CEAT CZAR A/T
    CEAT CZAR A/T
    265/65 R17 12STubeless
    Rs10380
    • iconDry Grip
    • iconWet Grip
    • iconHandling
    Contact Dealer
  • Apollo Amazer 3G
    Apollo Amazer 3G
    145/70 R12 69TNA
    Rs2800
    • iconFuel efficient
    • iconDry Grip
    Contact Dealer
  • Pirelli P7
    Pirelli P7
    225/50 R17 94WNA
    Rs10505
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Birla BT 444
    Birla BT 444
    5.65 R12 6PRTube
    Rs2000
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer

Best Tyres

  • Car
  • Bike
  • CEAT SecuraDrive
    CEAT SecuraDrive
    Tubeless
    Rs4,445
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • MRF ZLX
    MRF ZLX
    Tubeless
    Rs2,495
    • iconWet Grip
    • iconDry Grip
    Contact Dealer
  • JK Vectra
    JK Vectra
    Tubeless
    Rs2,400
    • iconWet Grip
    • iconDry Grip
    • iconHandling
    • iconLow noise
    Contact Dealer
  • JK Taximax
    JK Taximax
    Tubeless
    Rs2,800
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • MRF ZVTV
    MRF ZVTV
    Tubeless
    Rs7,325
    • iconWet Grip
    • iconDry Grip
    Contact Dealer
×
Which is your city ?