Ceat looks to cash in opportunities for exports

08 Feb 2023 CW Team

The company, which gets 20 per cent of its total revenue from exports, plans to enter the US market in the latter part of the current year, following up on its entry into the European market for truck and bus radial tires last year.

In the current fiscal, the company's exports have been flattish as it "took some kind of beating, largely on account of current conditions in Europe and some other countries finding it difficult to get currency to import tyres", Subbiah said.

Subbiah, however, said while there is clarity in the local market about the demand pattern, in the international market it is not the case due to global events like the Russia-Ukraine war and its impact, specially on energy prices in Europe.

"In the next year, we look forward to exporting more, because it is a little more profitable and a little less competitive compared to the local market but it is not in our hands entirely in terms of how that international market would shape up," he said.

When asked if the company is aiming for exports to contribute more than 20 per cent of overall revenue, he said Ceat does not have any specific target but exports will play a role in its overall growth.

"We have moved (up) from 12-13 per cent of revenue share to 20 per cent. So, from here onwards, we may not be able to see that kind of a jump. However, we are investing in capacities that are meant for exports, so therefore, we expect the share to go up without any target in mind," he added.

In the nine months period ended December 31, 2022, Ceat had clocked a consolidated revenue from operations of Rs 8,440.06 crore and in the fiscal ended March 31, 2022 its consolidated revenue from operations was at Rs 9,363.41 crore.

Also Read
Agra metro expected to be operational by early 2024
MPMRCL expands workforce to meet Indore Metro Project's deadline

With the world looking for an alternative to China for sourcing tyres, Ceat is planning to cash in on the opportunity based on its 'value brand' positioning despite a slowdown in many economies, according to company Executive Director, Finance & CFO, Kumar Subbiah. The company, which gets 20 per cent of its total revenue from exports, plans to enter the US market in the latter part of the current year, following up on its entry into the European market for truck and bus radial tires last year. In the current fiscal, the company's exports have been flattish as it took some kind of beating, largely on account of current conditions in Europe and some other countries finding it difficult to get currency to import tyres, Subbiah said. Subbiah, however, said while there is clarity in the local market about the demand pattern, in the international market it is not the case due to global events like the Russia-Ukraine war and its impact, specially on energy prices in Europe. In the next year, we look forward to exporting more, because it is a little more profitable and a little less competitive compared to the local market but it is not in our hands entirely in terms of how that international market would shape up, he said. When asked if the company is aiming for exports to contribute more than 20 per cent of overall revenue, he said Ceat does not have any specific target but exports will play a role in its overall growth. We have moved (up) from 12-13 per cent of revenue share to 20 per cent. So, from here onwards, we may not be able to see that kind of a jump. However, we are investing in capacities that are meant for exports, so therefore, we expect the share to go up without any target in mind, he added. In the nine months period ended December 31, 2022, Ceat had clocked a consolidated revenue from operations of Rs 8,440.06 crore and in the fiscal ended March 31, 2022 its consolidated revenue from operations was at Rs 9,363.41 crore. Also Read Agra metro expected to be operational by early 2024 MPMRCL expands workforce to meet Indore Metro Project's deadline

Infrastructure Urban

09 Feb 2026

Eicher Delivers First 13.5 m Electric Intercity Sleeper Bus

Eicher Trucks & Buses, a business unit of VE Commercial Vehicles Ltd., has recently delivered its first 13.5 m electric intercity sleeper bus, marking a key milestone in India’s long-distance electric mobility segment. The first bus is being operated by LeafyBus, with plans to deploy 35 buses by March 2026 across high-demand intercity corridors in North India.The initial deployment will cover routes such as Delhi–Dehradun and Delhi–Lucknow, supporting LeafyBus’ expansion across environmentally sensitive and high-density travel corridors.Commenting on the partnership, Suresh Chettia..

Infrastructure Urban

09 Feb 2026

HCSS Showcases Unified Construction Platform at CONEXPO 2026

HCSS will recently present the next evolution of its connected construction management platform at CONEXPO-CON/AGG 2026, bringing together construction workflows, data and teams on a single platform across the entire project lifecycle. The event will be held from 3–7 March 2026 in Las Vegas, Nevada. HCSS will host two booths at the show, demonstrating how its integrated software ecosystem enables seamless collaboration between the office, field and shop, from bid stage through to project closeout. Steve McGough, President and CEO, HCSS, said, “For 40 years, we’ve done everything within..

Building Material

09 Feb 2026

Berger Paints Q3 Profit Declines Despite Volume Growth

Berger Paints India has reported a mixed performance for the quarter ended 31 December 2025, with healthy volume growth and margin improvement offset by softer demand conditions and cost pressures. On a consolidated basis, revenue from operations for the quarter stood at Rs 29,840 million, compared to Rs 29,751 million in the corresponding quarter last year, reflecting a marginal increase of 0.3 per cent. EBITDA (excluding other income) was Rs 4,710 million, slightly lower than Rs 4,717 million a year earlier. Net profit declined by 8.3 per cent to Rs 2,713 million from Rs 2,960 million. Sta..