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.

September 11, 2024
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