Tyre manufacturer Ceat has announced its sponsorship of certain segments of IPL matches, marking an investment of about Rs 240 crore over five years. The Board of Control for Cricket in India has selected Ceat as an official partner to sponsor certain segments of the IPL matches, with an aggregate spend of about Rs 240 … Read more
According to CFO, Kumar Subbiah, overseas export growth is an important priority for Ceat. Exports are 18-19% of revenue share. Three years back, it used to be about 10-11%. So, in the last two or three years, Ceat took various measures to increase the share of exports on overall top line numbers. In the next … Read more
Tyre maker CEAT Ltd is looking to cash in on the growth of passenger vehicles sales in India, which will boost demand in the replacement market going forward, according to the company Managing Director & CEO Arnab Banerjee. The company is also gearing up to enter the passenger vehicles (PV) and truck and bus radial … Read more
Tyre maker CEAT Ltd is foraying into steel radial tyres for two-wheelers with an aim to enhance its leadership position in the overall two-wheeler tyre segment and also to help premiumise the brand. The company, which on Friday launched its new premium range of two-wheeler steel radial tyres, is targetting both aftermarket and original equipment … Read more
New Delhi: Tyre maker CEAT Ltd on Wednesday said it has received GST demand and penalties totalling over Rs 19 crore from tax authorities in Maharashtra and Vadodara. The Additional Commissioner, CGST & Central Excise, Vadodara has issued an order for an interest of Rs 3.27 crore along with a penalty of Rs 13.68 crore … Read more
Five Indian companies featured among the top 30 tyre manufacturers globally, according to a report by Automotive Tyre Manufacturers’ Association (ATMA). In the ‘Tire Business Magazine’s 38th Global Tire Report’ by ATMA based on revenue in 2022, Apollo, MRF, JK Tyre, CEAT, and Balkrishna Industries (BKT) from India featured in the top 30 list. As … Read more
