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CEAT Ltd, a leading tyre maker, expects double-digit growth in replacement and international businesses this fiscal year, despite rising natural rubber prices.
CEAT Ltd, a leading tyre maker, anticipates double-digit growth in its replacement and international businesses this fiscal year, despite rising natural rubber prices causing product rate hikes.
CEO Arnab Banerjee credits robust demand and rural market recovery for the optimistic outlook.
The company has already implemented a 2-2.5% price increase in the replacement segment since May, with another round expected in late July.
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CEAT Ltd, un fabricante líder de neumáticos, espera un crecimiento de dos dígitos en los negocios internacionales y de reemplazo este año fiscal, a pesar del aumento de los precios del caucho natural.