Browsing Tag

anant goenka

ceat: Ceat puts on hold plans to invest in new manufacturing facility for commercial vehicle tyres

Stephan Roben Nov 16, 2022 0

Indian tyre maker Ceat has put on hold its plan to invest in a new manufacturing facility for commercial vehicle tyres. The company will instead invest Rs 396 crore in making more…
Read More...

Automobile

Ceat to prune and postpone investment in new plant due to tepid demand, eroding margins

Stephan Roben Jan 20, 2022 0

Tyres maker has decided to prune and postpone its capital expenditure by 40% or Rs 500 crore in FY-23 after a sharp fall in demand for tyres from road transporters. To add to the…
Read More...