Expecting pick-up in demand, Ceat lines up investments to scale up production
The company, which produces tyres for all kinds of two- wheelers, passenger and commercial vehicles, plans to invest about Rs 1,000 crore capital expenditure for various expansion projects this fiscal year.
The company, which produces tyres for all kinds of two- wheelers, passenger and commercial vehicles, plans to invest about Rs 1,000 crore capital expenditure for various expansion projects this fiscal year.
“Our total production capacity is around 1,100 tonne per day and we will be looking at taking this up to 1,300 to 1,400 tonnes per day over the next 1.5 years,” Ceat Managing Director Anant Goenka told in an interaction.
We had announced a Rs 3,200 crore investment in the passenger car facility in Chennai. The plant is ready for the last one year and we are at good levels of capacity utilisation there.
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