Ceat Tyres is planning to set up a greenfield unit to produce car and tractor and speciality tyres such as off-roads tyres and mining tyres with an estimated investment of RS. 4,500-6000 million. As of November 2006, the company is currently scouting for land across India for setting up the project and is actively considering at options offered by various state governments.
In addition to this, the company is also planning to expand the production of its truck and bus capacity at both its plants in Bhandup and Nashik to 175,000 units from 150,000 per year.
Ceat Tyres, Ceat Mahal 463, Dr, Annie Besant Road Worli, Mumbai -400030. Tel: +91 22 24930621. Fax: 24938933