CEAT Acquires CAMSO Brand, Plants From Michelin

02 Sep 2025 CW Team

This strategic acquisition marks a major milestone for CEAT in becoming a global leader in the high-margin OHT market. The company, which has built a strong agricultural tyre portfolio over the past decade, will now expand further with CAMSO’s expertise in tyres and tracks for compact construction equipment. This integration opens access to over 40 global OEMs and premium international distributors.

Michelin, as part of the deal, will exit its compact line bias tyres and construction tracks businesses, paving the way for CEAT to consolidate this segment under its banner.

Strengthening India–Sri Lanka Investment Ties

Speaking on the occasion, H.E. Santosh Jha, High Commissioner of India to Sri Lanka, said:

“India has been the largest source of FDI in Sri Lanka, and I am pleased to see this trend continue. CEAT’s investment deepens bilateral economic ties and supports the shared prosperity vision championed by both nations' leadership.”

Leadership Remarks

Arnab Banerjee, MD & CEO of CEAT Limited, called the acquisition a “pivotal step” in CEAT’s long-term strategy:

“This integration will boost our product portfolio, capabilities, and geographical reach. It positions CEAT as a formidable player in off-highway mobility.”

Echoing this, Amit Tolani, Chief Executive of CEAT Specialty, stated:

“Our immediate focus is ensuring a seamless transition, maintaining customer satisfaction, and enhancing operations in Sri Lanka.”

With CAMSO’s renowned brand and manufacturing capabilities now under its umbrella, CEAT is poised to become one of the most trusted global names in off-highway tyres and tracks, aligning with its vision of sustainable and expansive international growth.

CEAT Limited has made a significant leap in its off-highway tyre (OHT) growth strategy by acquiring Michelin Group’s CAMSO Construction Compact Line Business, including two Sri Lanka-based facilities—the Midigama plant and the Casting Product plant in Kotugoda. The transaction also gives CEAT global ownership of the CAMSO brand, which will be permanently assigned after a three-year licensing period.This strategic acquisition marks a major milestone for CEAT in becoming a global leader in the high-margin OHT market. The company, which has built a strong agricultural tyre portfolio over the past decade, will now expand further with CAMSO’s expertise in tyres and tracks for compact construction equipment. This integration opens access to over 40 global OEMs and premium international distributors.Michelin, as part of the deal, will exit its compact line bias tyres and construction tracks businesses, paving the way for CEAT to consolidate this segment under its banner.Strengthening India–Sri Lanka Investment TiesSpeaking on the occasion, H.E. Santosh Jha, High Commissioner of India to Sri Lanka, said:“India has been the largest source of FDI in Sri Lanka, and I am pleased to see this trend continue. CEAT’s investment deepens bilateral economic ties and supports the shared prosperity vision championed by both nations' leadership.”Leadership RemarksArnab Banerjee, MD & CEO of CEAT Limited, called the acquisition a “pivotal step” in CEAT’s long-term strategy:“This integration will boost our product portfolio, capabilities, and geographical reach. It positions CEAT as a formidable player in off-highway mobility.”Echoing this, Amit Tolani, Chief Executive of CEAT Specialty, stated:“Our immediate focus is ensuring a seamless transition, maintaining customer satisfaction, and enhancing operations in Sri Lanka.”With CAMSO’s renowned brand and manufacturing capabilities now under its umbrella, CEAT is poised to become one of the most trusted global names in off-highway tyres and tracks, aligning with its vision of sustainable and expansive international growth.

Infrastructure Energy

09 Mar 2026

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Real Estate

09 Mar 2026

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

Infrastructure Energy

09 Mar 2026

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..