Higher capex spends likely to impact tyre maker Ceat's return ratios

Muted near term outlook given raw material costs, lower demand

Topics
Ceat Tyres | Tyre makers | automobile industry

Ram Prasad Sahu  |  Mumbai 

Tyre maker Ceat has announced an ambitious plan to enhance its market share and take leadership positions in multiple categories over the next five years. The company is eyeing a market share of 30-35 per cent in two and three wheelers as compared to 28-30 per cent now while the target for passenger car radials is 20 per cent from 13-15 per cent now.

The company also seeks to become a top three player in the truck and bus tyre segment while growing its international business three-fold over this period. While the company is a leader in two and three wheelers, it trails market leaders ...

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First Published: Sat, June 19 2021. 06:10 IST
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