CEAT Latest Updates

Financial Performance and Capital Expenditure CEAT reported a mixed financial performance for the quarter ending June 2025. The company's revenue from operations increased to ₹3,529.41 crore, marking its highest quarterly net sales in five quarters. However, profit after tax (PAT) saw a decline compared to the average of the previous four quarters, and interest expenses were at their highest in five quarters. The company's board has approved a capital expenditure of around ₹450 crore for its Chennai plant. This investment is aimed at expanding the Passenger Car and Utility Vehicle (PCUV) tyre capacity by about 35% of the current capacity and is expected to be completed by the end of fiscal year 2027. Product and Business Developments CEAT has introduced "SecuraDrive CIRCL," which it claims is India's first road-ready passenger car tyre made with up to 90% sustainable (bio-based) materials. The tyre was developed at the company's R&D center in Halol, Gujarat, and is available in two variants. The company has completed its acquisition of Michelin's Camso Construction Compact Line business. This acquisition includes two manufacturing facilities in Sri Lanka and a global distribution network. CEAT expects this deal to strengthen its position in the off-highway tyre (OHT) segment. Following the recent GST rate cut on tyres, CEAT announced that it would pass on the full benefit to its customers by reducing tyre prices across its portfolio, effective from September 22, 2025.