About CEAT ltd

CEAT, established in 1958, is one of the largest tyre manufacturers and one of the fastest-growing tyre companies in India. CEAT became a part of the RPG Group in 1982. It is amongst the Top 25 best workplaces in Manufacturing by GPTW for 2022. History of CEAT CEAT was founded in 1924 by Virginio Bruni Tedeschi as Cavi Elettrici e Affini Torino, initially producing electrical and telephone cables. During World War II, it diversified into rubber and began manufacturing tires in 1945. CEAT Tyres of India was established in 1958 in collaboration with the Tatas, setting up its first factory in Mumbai. In 1981, the RPG Group acquired CEAT, India's leading conglomerate with 30,000+ employees, a presence in 110+ countries, and annual gross revenues of USD 4.4 Bn Products Company has 2000+ SKUs with 150+ new products launched in FY24. The company manufactured 48+ Mn tyres in FY24 and has launched India’s first EV range of tyres designed across categories such as EnergyDrive (Passenger Car), EnergyRide (Two-Wheeler) and WinEnergy (Truck Radial). Diversified Revenue Profile 9MFY25 Truck & Bus: 30% 2/3 Wheelers: 28% Passenger Cars/UVs: 20% Off-Highway Vehicles: 15% LCV/Others: 7% Revenue Breakup by Market 9MFY25 Replacement business: 54% OEMs: 27% Exports: 19% Manufacturing Facilities Company has 6 manufacturing facilities and 3 smart facilities in Nashik, Mumbai, Halol, Ambernath, Nagpur & Chennai which possess a capacity of producing a total of 3.5 crore tyres p.a. Global Presence Company exports to 110+ countries are categorized into 7 clusters for ease of operations. It is the market leader in the country of Srilanka with 50%+ market share [8] where it runs operations through a JV of 50:50. [9] The company is developing a product range to cater to US markets and shall enter the US for passenger and Commercial segment in FY24.