CEAT LIMITED has managed to pull off the movement with the finest tyres that are popular for their tough, smooth and secure grip on roads. They manufacture a wide variety of high performance world class radials. The company has a capacity of 95,000 tyres per day. The company is a flagship company of RPG Enterprises. They have promised to innovate, rebuild and help millions of vehicles to go to places. The company is based in Mumbai. Their research and development team makes sure that the company works on the following sectors: Design, product development, materials, simulation, process development, vehicle dynamics and testing. The R&D uses core technologies to design, engineer and develop material to deliver the right product. The product development team puts their hard work and years of experience to deliver products with high safety at extreme situations keeping their clients in mind. They focus on creating a wide range of innovative products. The company has shifted to Proprietary design software and improved in house proficiency. They try to meet the compulsory requirements as per global standards. There have been tough tests by vehicle dynamics team which ensures cornering grip, accidence avoidance, high speed tests, wet/ dry braking tests, pass by noise measurements etc. There have also been extensive field evaluation for all product categories. Their tyres range from two wheelers to four wheelers which include motorcycles, scooter, cars, farm vehicles, LCV, trucks. The company has the highest exports in India. The company exceptionally succeeds in meeting the expectations of their customers with their special sizes, quality that competes world standards, and world class presence.
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 .
The Ceat Bike Shoppe is a one-stop solution for two wheeler owners including super bikes, encompassing all tyre-related services.
Inaugurated by Lavish Talegaonkar, Zonal General Manager - South India, Ceat, the Bike Shoppe will boast of the entire range of Ceat two-wheeler products including Pirelli and Metzeller tyres for super bikes.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Ranjit Vasant Pandit | Unlock to View | Unlock to View | Director | 03 Mar,2015 |
| Punita Lal | Unlock to View | Unlock to View | Director | 29 Apr,2014 |
| Arnab Mrinal Banerjee | Unlock to View | Unlock to View | Director | 07 May,2013 |
| Paras Kumar Chowdhary | Unlock to View | Unlock to View | Director | 01 Apr,2013 |
| Anant Vardhan Goenka | Unlock to View | Unlock to View | Managing Director | 01 Apr,2012 |
| Vinay Bansal | Unlock to View | Unlock to View | Director | 24 Jul,2009 |
| Mahesh Shrikrishna Gupta | Unlock to View | Unlock to View | Director | 02 May,2002 |
| Doreswamy Sheshagiri Rao | Unlock to View | Unlock to View | Director | 27 Jul,2000 |
| Atul Champaklal Choksey | Unlock to View | Unlock to View | Director | 28 Jan,2000 |
| Haigreve Khaitan | Unlock to View | Unlock to View | Director | 29 Jul,1999 |
| Hari Lakshminarayan Mundra | Unlock to View | Unlock to View | Director | 10 Sep,1998 |
| Harsh Vardhan Goenka | Unlock to View | Unlock to View | Director | 16 Oct,1981 |
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