Ceat puts on hold plans to invest in new manufacturing facility for commercial vehicle tyres

The company will instead invest Rs 396 crore in making more profitable off-highway tyres for the European and US markets, managing director Anant Goenka told ET. “We have put on hold our investments in the commercial vehicle unit; margins in this segment are lower. The off-highway tyre segment is more profitable, and we will be investing to enhance capacity in the category.”

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