CEAT Limited has acquired Michelin Group’s CAMSO Construction Compact Line Business, including the Midigama plant and Casting Product plant in Sri Lanka. The transaction gives CEAT ownership of the CAMSO brand, which will be permanently assigned across categories after a three-year licensing period. As part of the acquisition, CEAT announced an investment of USD 171 […]
CEAT Limited will invest approximately INR 4.5 billion to expand production capacity at its manufacturing facility in Kannanthangal, Sriperumbudur Taluk, Tamil Nadu, near Chennai. The expansion aims to increase the company’s Passenger Car Utility Vehicle (PCUV) tyre output by around 35 percent over current levels. The Chennai plant currently produces about 7 million tyres annually […]
Balkrishna Tyres (BKT), a tyre manufacturer with a strong focus on exports, has continued to scale up its manufacturing footprint and international presence. The company’s Bhuj facility, spanning approximately 3.5 million square feet, exports around 80% of its production, generating close to USD 1 billion annually. The facility currently employs around 5,000 workers. Pre-engineered building […]
Ralson Tyres has announced its entry into the Indian commercial tyre segment at the Bharat Mobility Global Expo, marking a strategic move into this growing market. The company, known for its bicycle and automotive tyres, aims to leverage its new manufacturing facility in Indore to meet domestic and international demand. The Indore plant, which began […]
International Finance Corporation (IFC) has approved a $100 million Sustainability-Linked Loan (SLL) to JK Tyre & Industries and its subsidiary, Cavendish Industries Limited (CIL). The funding will be allocated to expand production capacity at two manufacturing facilities in India, focusing on Passenger Car Radial (PCR) tyres at the Banmore plant in Madhya Pradesh and Truck […]
