CEAT (company)

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CEAT (company)
Public
(BSE500878)
Industry Tyres & Tubes
Founded 1958
Headquarters Worli, Mumbai, India
Key people
H. V. Goenka Chairman,
Anant Goenka Managing Director
Revenue Increase 53753.5 million (US$810 million) (FY 2013–14)[1]
Increase2527.8 million (US$38 million) (FY 2013–14)[1]
Number of employees
~5,384
Website www.ceat.in

CEAT, the flagship company of RPG Enterprises, was established in 1958. Its predecessor Cavi Electrici e Affini Torino SpA was established in Italy in 1924. Today, CEAT is one of India’s tyre manufacturers and has presence in global markets, and has a capacity of over 95,000+ Tyres per day. CEAT offers tyres to all segments and manufactures radials for: Heavy-duty Trucks and Buses, Light Commercial Vehicles, Earthmovers, Forklifts, Tractors, Trailers, Cars, Motorcycles and Scooters as well as Auto-rickshaws.[2]

Locations[edit]

The company is headquartered at Annie Besant Road, Worli in Mumbai. It has manufacturing plants in Mumbai, Nashik and Halol near Baroda. CEAT owns:

  • 6 Manufacturing plants
  • 10 outsourcing units for tyres, tubes and flaps
  • 3 dedicated 2-3-wheeler plants controlled by CEAT

Inspired by 'Make In Maharashtra' initiative, CEAT Tyres announced its plans to invest Rs. 400 crore in a new tyre plant in Butibori, Nagpur. Devendra Fadnavis, Chief Minister of Maharashtra, laid the cornerstone for the plant that will be set up in three phases. In the first phase (2014- 2016), Rs. 400 crore will be invested.[3]

Products[edit]

CEAT manufactures a wide range of tyres for various customer radials for Indian vehicles and caters to various user segments including

  • Heavy-duty Trucks and Buses
  • Light Commercial Vehicles
  • Earthmovers
  • Forklifts
  • Tractors
  • Trailers
  • Cars
  • SUVs
  • Motorcycles and Scooters
  • Auto-rickshaws

It exports to over 110 countries across the world.[2] In April 2007, the de-merger of its investment business to a separate investment and finance company was approved. CEAT is the only tyre company to be awarded the ISO/TS 16949:2002 certification.[2] It is also the 1st Indian tyre company to get a TUV certificate.

References[edit]

External links[edit]