CEAT Q2 profit increases to Rs 77 crore, 650 crore investment in Halol plant planned

CEAT_LogoCeat Tyres has also announced investment to the tune of INR 650 crores in expansion of their radial tyre Halol manufacturing plant. This increased investment will see output increase by 120 tonnes per day with the plant currently capable of producing 150 tonnes per day. The investment and expansion plans will commence from early 2014 and will take around 18 months to complete.

Ceat Tyres has experienced increased sales in the passenger segment which has equally contributed to increase growth and margins. Operations in Sri Lanka are also increasing on a parallel footing adding to company growth. Ceat caters to tyres in various segments, right from heavy duty trucks and buses to light commercial vehicles besides for earth movers, tractors, cars, motorcycles and scooters.