CEAT (company)
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Public (BSE: 500878) | |
| Industry | Tyres & Tubes |
| Founded | 1958 |
| Headquarters | Worli, Mumbai, India |
Key people |
H. V. Goenka (Chairman) Anant Goenka (MD) |
| Revenue |
 ₹53,753.5 million (US$800 million) (FY 2013–14)[1] |
|
₹2,527.8 million (US$38 million) (FY 2013–14)[1] | |
Number of employees | ~5,384 |
| Website | www.ceat.com |
CEAT, the flagship company of RPG Enterprises, was established in 1958. Its predecessor Cavi Elettrici e Affini Torino SpA was established in Italy in 1924. Today, CEAT is one of India’s leading 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
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] In the nagpur plant the production has been started.
Products
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
- 1 2 "BSE Plus". Bseindia.com. Retrieved 2010-09-28.
- 1 2 3 CEAT Tyres – About us
- ↑ "Ceat Tyres to Set Up Rs.400 crore Plant in Butibori, Nagpur". CarAndBike. 11 December 2014.