Sunday, January 24, 2021

Ceat expedites investment in capacity as tyre demand makes a sharp recovery

The RPG Group-owned tyre maker will invest about Rs 1,200 crore to increase production capacity over the next 18-24 months, as part of a four-year, Rs 3,500-crore capex plan, which it had put on hold due to the Covid-19 pandemic last year after pumping in over Rs 2,200 crore.

from Auto-Industry-Economic Times https://ift.tt/39cyjyG
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