CEAT to Expand Tire Capacity

CEAT has approved an investment of ₹1,205 crore to expand its two-wheeler tyre manufacturing capacity by around 66 per cent by FY31, as the company prepares for sustained demand growth in one of its largest product segments.

The investment, cleared by the company’s board, will be funded through a mix of internal accruals and debt. The expansion is intended to address capacity constraints at CEAT’s existing facilities, particularly its Nagpur plant, where utilisation has reached around 95 per cent…

Source: Manufacturing Today India