Tyre-maker Ceat today said that its Halol facility in Gujarat will start commercial production by January next year.
"The Halol plant is under trial production and commercial production will start by January 2011," Ceat's Deputy Managing Director Anant Goenka told PTI here.
The company has invested Rs 650-crore in the Halol plant which has a capacity to make 3,00,000 passenger car radial tyres (PCRs) and 40,000 truck and bus radial tyres (TBRs) in a month.
The company also plans to ramp-up its Nashik facility to 200-tonnes per day from the present 165-tonnes at an investment of Rs 35-crore by December this year.
"We are ramping-up our Nashik facility to 200-tonnes per day from present 165-tonnes per day and will complete this by end-this year," Goenka said.
Ceat plans to more than double its domestic outsourcing capacity for two-and-three-wheelers to 6-lakh tonnes per month from the present 2-lakh tonnes per month by April next year.
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"We will be doubling our domestic outsourcing capacity for two-and-three-wheelers to 6-lakh tonnes per month from the present 2-lakh tonnes per month by April," he said.
The RPG group company today announced the acquisition of the 'Ceat' brand from Italy-based Pirelli for Euro 9 million (Rs 55-crore), which would help the company double export to Rs 1,000-crore from the present Rs 500-crore in the next three-years.
Ceat manufactures over 10-million tyres per year and has a major market share in the light truck and truck tyre market. It offers the widest range of tyres to all user-segments and manufactures radials.