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Indian tyre manufacturer Ceat Ltd plans to increase its Indian market share to 12-13% by FY26 and boost exports by focusing on high-performance vehicles.
Ceat Ltd, an Indian tyre manufacturer, plans to increase its market share in India from 8% to 12-13% over the next two to three years, targeting ₹17,000 crore in revenue by FY26.
A new ₹670-crore Truck Bus Radial tyre production line at its Chennai facility will reach 1,500 tyres per day within a year.
Currently, exports account for 20% of revenue, which Ceat aims to boost by focusing on high-performance vehicles in global markets.
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El fabricante indio de neumáticos Ceat Ltd planea aumentar su cuota de mercado indio al 12-13% en el año fiscal 26 e impulsar las exportaciones centrándose en los vehículos de alto rendimiento.