Tyre manufacturer CEAT is planning to expand its manufacturing capacity at its Chennai plant. The company will allocate an estimated INR 750 Crore of capital expenditure (capex) for FY25.
The growth capex includes capacity expansion at CEAT’s Chennai plant for truck and bus radial (TBR) tyres. The company aims to further increase its production capacity to 45,000 tyres per month. In the passenger car radial (PCR) segment, production capacity has already been raised from 20,000 to 28,000 units per day.
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CEAT also plans to increase production capacity for agri-radial tyres at its Ambernath plant in Maharashtra. The target is to produce 160 tonnes per day of agri-radial tyres. In summary, CEAT’s expansion plans include increasing capacity for TBR and PCR tyres in Chennai, as well as enhancing agri-radial tyre production. The company is closely monitoring raw material costs and exploring price adjustments to maintain profitability.
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