CEAT to double its business in Europe in next 2-3 years

01 Feb 2022 CW Team

CEAT Limited plans to expand its business in Europe in the next two-three years, benefitting from anti-dumping duties levied on Chinese tyres worldwide. Further, the company plans to participate in the growing North American market.

Managing Director of CEA, Anand Goenka, told the media that the company's international demand is robust and has a robust overseas opportunity.The company can further double its sales in the European market over the next 2-3 years.There is an anti-dumping duty on Chinese tyres in America and Europe.

He added that the company expects the international business to expand at a compounded annual rate of 20% in the coming years.

It will also come as a respite for the company when high input costs had pressure on marginal costs and impacted the domestic demand.The company has witnessed a Rs 20 crore loss in the rubber and crude oil prices in the October-December quarter to high input costs.

The company acquires a fifth of its revenue from the international market, with a quarter of that coming from the European market.

Goenka said that CEAT plans to generate incremental sales from the continent. It also plans to enter markets like Germany and France and launch new varieties of tyres in the existing markets.

Additionally, the company is developing a variety of tyres for the US, which is expected to be complete in 12-18 months.

There is a robust demand for off-highway tyres from the existing markets. Currently, there is a shortage of off-highway tyres in the market.The company's capacities are being fully utilised, and the company will be increasing its manufacturing capacity in the off-highway sector.

Image Source

Also read: CEAT records net loss of Rs 20 cr in December end quarter

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..