Automotive tyre major, Ceat Ltd, plans to capture 20 per cent of the motorcycle tyre market during the current year.
The company is also mulling an investment of about Rs 250 crore in a truck radial unit in the next three years. The company is yet to decide on the location of the new truck radial unit.
Company officials said that it had recently bagged an OE order from a major south based two-wheeler manufacturer.
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Addressing the media, Kalyan K Paul, vice-president, sales and marketing, said the initial manufacturing capacity at its truck radial plant will be around 50,000 tyres a month.