CEAT to roll out 28,000 tyres from new unit, invest Rs 3,000 cr in 2-3 yrs

15-20% of output from new plant will be exported. company is already selling to 90-plus countries

Tyre major CEAT is planning to invest about Rs 3,000 crore over the next 2-3 years. The company's new plant at Tamil Nadu, inaugurated today, will roll out 28,000 passenger car tyres a day and will be the firm's largest going forward.

The proposed Rs 3,000 crore is for all CEAT plants including the ones at Chennai, Halol and Nagpur. This is lower than the Rs 3,500-crore capex that the company had earlier planned.

Speaking to Business Standard on the sidelines of the new factory inauguration, Anant Goenka, Managing Director, CEAT Tyres Ltd said the company has committed investment of