Ceat inaugurated its new radial tyre plant in Chennai in February 2020, the company’s sixth manufacturing unit in India. Set up with initial investment of ₹1,400 crore, the plant will supply passenger car radials and two-wheeler radial tyres.
Tamil Nadu Chief Minister Edappadi K Palaniswamy opened the plant, which has been built on a 163-acre site near Sriperumpadur. According to the company, the total investment for the unit will reach ₹4,000 crore in the next few years.
Ceat currently has an overall capacity is about 1,000 tonnes a day now and with Chennai unit, the total capacity of the company will touch 1,250 tonnes a day when the Chennai unit reaches its peak of 250 tonnes a day from about 150 tonnes now
“The factory will serve the automotive companies in this region such as Hyundai, Renault-Nissan and two-wheeler makers such as Royal Enfield. The factory will produce car radial tyres and premium bike tyres,” Anant Goenka, Managing Director of Ceat, was quoted by media as saying after the inauguration of the plant.
The Chennai plant will have a manufacturing capacity to produce 28,500 passenger car radial (PCR) tyres and 2,500 motorcycle-radial tyres per day.