This series incorporates two parts in it; LYFMAX X3 R and LYFMAX X3 D. Thus, it drives through superior steer and makes tyres with innovative features for curbing the downtime and operational costs.
The Truck Service offers a wide range of services, including mechanised tyre changing, tyre rotation, computerised alignment, and balancing, the company said.
This service hub is being launched in association with a company dealer, Bharat Tyres Gujarat Pvt Ltd. CEAT is set to inaugurate three more such truck service hubs later this month in Maharashtra, Madhya Pradesh, and Karnataka respectively.
CEAT is the first tyre company globally and the first auto ancillary company in India to be recognized for adopting advanced fourth-industrial revolution technologies to digitally transform operations and become a part of the prestigious Global Lighthouse Network. The Global Lighthouse Network is a World Economic Forum initiative in collaboration with McKinsey & Company. It is a community of manufacturing sites and value chains that are world leaders in the adoption and integration of the cutting-edge technologies of the Fourth Industrial Revolution (4IR).
The replacement market accounts for 60% of Ceat’s sales, with OEM sales accounting for 27% and exports about 13%.
The company has a targeted capex of Rs 1,000 crore for truck and bus radial (TBR) tyres. It also plans to increase its TBR capacity to 2,800 tyres a day from earlier 1,400 tyres a day at Halol plant.
JK Tyre & Industries Technical Director V K Misra has taken over the reins of ATMA Technology, Environment, Safety & Standards (TESS) Group.
Revenue from operations, however, rose 15.2 per cent at Rs 1,755 crore for the period as against Rs 1,523 crore for the same period last year.
The final quantum of the anti dumping duty will be decided between the Commerce Ministry and Finance Ministry, but it is expected soon.
We do not have a formal system of 700 crores but we have announced about 2800 crore of investment over the next five year’s time so that will continue.
The new sizes are - 7.00 R16 | 7.50 R16 | 8.25 R16 | 235/75 R17.5. 7.00 R16 Milaze AW is designed with shoulders having deep grooves that lead to reduced heat build-up.
The brokerage said that CEAT is a leading brand in the two-wheelers segment with 30% replacement market share
Consolidated total income of Ceat jumped 15 per cent year-on-year to Rs 2,598.06 crore.
“These are an exceptional set of numbers from Balkrishna Industries. The only issue is whether it can sustain these numbers going forward. "
Apollo's confident projections in a conference call drove up tyre stocks and stoked investor interest after days of downbeat projections. Shares of key tyre makers rose 2-5% with Apollo climbing 3.9% to Rs 191.MRF rose 1.6% to Rs 49,899, while Ceat was up 4.9% at Rs 1,272.
Commercial vehicles side has shown a little bit of negative pressure, while the first quarter was good growth second quarter because of the monsoon season is generally a low sale quarter for us and internationally we have grown quite well over the last year.
Speaking on the occasion, Ajinkya Rahane said, "It gives me immense pleasure to partner with CEAT, a company which is deeply rooted with Cricket. I look forward to a fruitful association with them".
RACING AHEAD Top tyre cos report double-digit margins, consistent earnings growth & dividend payouts, and are expected to continue their performance
A revival in the automobile sector, coupled with falling prices of natural rubber, has led to tyre companies posting higher operating margins.
Private industry is accepted globally as a public benefit that creates jobs, revenues and general prosperity .
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Atul Champaklal Choksey | 00002102 | achoksey@apcotex.com | Director | 28 Jan,2000 |
| Haigreve Khaitan | 00005290 | haigreve.khaitan@khaitanco.com | Director | 29 Jul,1999 |
| Harsh Vardhan Goenka | 00026726 | sdesai@sicomindia.com | Director | 16 Oct,1981 |
| Doreswamy Sheshagiri Rao | 00042897 | gunjanm@hexaware.com | Director | 27 Jul,2000 |
| Mahesh Shrikrishna Gupta | 00046810 | msgupta@ashokpiramalgroup.com | Director | 02 May,2002 |
| Paras Kumar Chowdhary | 00076807 | Director | 01 Apr,2013 | |
| Hari Lakshminarayan Mundra | 00287029 | harimundra@yahoo.co.in | Director | 10 Sep,1998 |
| Ranjit Vasant Pandit | 00782296 | rpandit@bambolli.net | Director | 03 Mar,2015 |
| Vinay Bansal | 01674284 | secretariald@gmail.com | Director | 24 Jul,2009 |
| Anant Vardhan Goenka | 02089850 | anant.goenka@ceat.in | Managing Director | 01 Apr,2012 |
| Punita Lal | 03412604 | punita.lal@gmail.com | Director | 29 Apr,2014 |
| Arnab Mrinal Banerjee | 06559516 | Arnab.Banerjee@ceat.in | Director | 07 May,2013 |
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