: Tyre manufacturer CEAT Ltd today said it would manufacture radial tyres for lorries, buses and cars and also two-wheeler tyres in its proposed facility at Sriperumbudur near here, for which it inked a pact with Tamil Nadu Government last week.
Top management of CEAT Ltd exchanged documents with the Industries Department officials in the presence of Chief Minister K Palaniswami at the Secretariat last week for setting up the greenfield facility at a cost of Rs 4,000 crore spread over 10 years.
In a filing to BSE, the tyre manufacturer said the investments would be for "incremental manufacturing capacity of car, lorry, bus radial tyres and two-wheeler tyres."
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