CEAT Expands Chennai Plant with ₹670 Crore Invest in Truck & Bus Radials

CEAT has announced a significant expansion at its Chennai plant, aiming to boost its truck and bus radial (TBR) tyre production. This ₹670 crore investment will add a new production line, enabling the plant to produce up to 1,500 TBR tyres per day by the end of the financial year.

The expansion will create approximately 500 job opportunities, both directly and indirectly, supporting local employment and economic growth. CEAT’s new TBR line will enhance its market share in both domestic and international markets, focusing on key regions and strengthening partnerships with major original equipment manufacturers (OEMs) like Daimler and Ashok Leyland.

In the second phase, CEAT plans to potentially double its TBR production capacity to 3,000 tyres per day with an additional ₹540 crore investment. This growth is part of a broader ₹1,000 crore capital expenditure plan for the year, which also includes expanding passenger car radial (PCR) capacities and scaling up its agriculture radial project in Ambernath.

This expansion is classified as a business investment rather than a tender or contract. CEAT’s strategic focus includes enhancing its R&D efforts to develop new tyre products, particularly for SUVs and commercial vehicles.

News by Rahul Yelligetti