CEAT has increased its production capacity at the Nashik Plant by over 1000 tonnes per month. The CEAT Nashik plant produces truck, LCV and agricultural tyres. The capacity of the plant has increased for the truck by 170,000 nos. p.a., LCV by 96,000 nos. p.a. and Tractor Rear categories by 50,000 nos. p.a. This expansion adds up to 1000 tonnes per month. CEAT sees a robust opportunity for increasing its market share in these segments. With this expansion the company aims to increase its overall market share by more than 2%.
CEAT has invested Rs 20 cr for the expansion. The company has installed state-of-the-art machinery as a part of its production capacity expansion. Maharashtra is the second largest State of India and it is also a very important region for CEAT.
“The Government norms have been favorable and we are very optimistic about Nashik as our preferred base for manufacturing of truck, LCV and tractor tyres. In fact, we have also applied for relaxation of octroi with the authorities and are sure that they will be supportive. Octroi which forms a substantial part of the overall cost, once reduced will further help us in investing more funds for further expansion, which will further translate into more employment opportunities for the local people." said Mr. Hundal Singh, Vice President - Manufacturing, CEAT Ltd. CEAT aims to increase its total market share by about 2% through this market focused and market driven manufacturing strategy.
