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

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..