CEAT Ltd, owned by RPG Group, has allocated ₹950-1,000 crore for capital expenditure this fiscal year. The investment will primarily focus on expanding manufacturing capacity for truck and bus radials, off-highway tyres, and two-wheeler tyres. This includes increasing output at its Ambarnath factory and launching over 20 new OHT products.
from Auto-Industry-Economic Times https://ift.tt/0jcQaNI
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