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ceat ltd

CEAT tyres: Expect double-digit growth in replacement, international business despite rubber price hike: CEAT

by Adesola Mojo
CEAT tyres: Expect double-digit growth in replacement, international business despite rubber price hike: CEAT

Tyre maker CEAT Ltd expects double-digit growth in replacement and international business this fiscal despite a high natural rubber price forcing it to hike product rates, according to its MD …

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Categories Automobile

CEAT gets GST demand, penalties of over Rs 19 cr

by Adesola Mojo
CEAT gets GST demand, penalties of over Rs 19 cr

New Delhi: Tyre maker CEAT Ltd on Wednesday said it has received GST demand and penalties totalling over Rs 19 crore from tax authorities in Maharashtra and Vadodara. The Additional …

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Categories Automobile

ceat: 2W replacement tyre demand in rural market yet to see complete revival, festive season offers hope: CEAT MD & CEO

by Adesola Mojo
ceat: 2W replacement tyre demand in rural market yet to see complete revival, festive season offers hope: CEAT MD & CEO

Rural demand for two-wheeler tyres in the replacement segment is yet to see a complete revival but there is optimism that the festive season will give it a fillip, according …

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Categories Automobile

The story of a Rs 1,788 crore fine: Tyre makers, cartelisation and calculation errors

by Adesola Mojo
The story of a Rs 1,788 crore fine: Tyre makers, cartelisation and calculation errors

This is the story of a mega fine that began more than a decade ago and has now got entangled in challenges and counter-claims. On Monday, the Supreme Court sought …

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Categories Automobile

mrf: Fine on tyre companies: Supreme Court seeks CCI’s reply on MRF plea

by Adesola Mojo
mrf: Fine on tyre companies: Supreme Court seeks CCI’s reply on MRF plea

The Supreme Court on Monday sought response from the Competition Commission of India (CCI) on an appeal by tyre maker MRF Ltd challenging the National Company Law Appellate Tribunal’s December …

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Categories Automobile

CEAT allocates Rs 750 cr for capital expenditures in FY24

by Adesola Mojo
CEAT allocates Rs 750 cr for capital expenditures in FY24

Tyre maker CEAT Ltd has lined up a capex of around Rs 750 crore for the ongoing fiscal, mostly to be deployed in increasing production capacity of agri-radial tyres at …

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Categories Automobile

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