+
CEAT to provide tech for connected vehicles, EVs components
ROADS & HIGHWAYS

CEAT to provide tech for connected vehicles, EVs components

CEAT Limited has planned to diversify its product portfolio by offering the latest technologies for connected vehicles and electric vehicles (EVs).

It was one among 75 companies to have been selected to seek benefits under the government's production linked incentive (PLI) scheme, having a budgetary outlay of nearly Rs 26,000 crore.

The Director and CEO of CEAT, Arnab Banerjee, told the media that the company has relationships with auto majors and can bring a value proposition to those firms. The company wants to explore connected technologies and EVs.

EVs are rapidly becoming smarter especially with the use of the internet. Features like riding data, vehicle diagnostics, battery behaviour, and other details of the vehicle can be tracked with the help of a smartphone.

Archaic analogue meters are emerging for the latest smart and digital displays to provide various information, including turn-by-turn navigation, drive range, Bluetooth connectivity, etc.

Other companies like Minda Industries and Pricol are already present in the EV space and providing solutions to vehicle makers. Both these companies have been selected under the PLI scheme and will set up new verticals to cater to the requirements of EVs.

In April, CEAT incorporated a wholly-owned subsidiary CEAT Auto Components, with an authorised capital of Rs 1 crore. The subsidiary will be responsible for manufacturing, selling, marketing, importing and exporting auto components for all vehicles and any mode of transportation.

The demand for EVs across categories like two-wheelers, three-wheelers, cars and mini trucks had seen robust growth last year due to new launches.

According to the central estimates, 30% of passenger four-wheelers and 40% of two and three-wheelers will be electric by 2030.

Recently, CEAT has unveiled its plan to launch branded tyres in the US, Canada, Australia and South America, along with the launching of new tyres in Europe.

Image Source

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

CEAT Limited has planned to diversify its product portfolio by offering the latest technologies for connected vehicles and electric vehicles (EVs). It was one among 75 companies to have been selected to seek benefits under the government's production linked incentive (PLI) scheme, having a budgetary outlay of nearly Rs 26,000 crore. The Director and CEO of CEAT, Arnab Banerjee, told the media that the company has relationships with auto majors and can bring a value proposition to those firms. The company wants to explore connected technologies and EVs. EVs are rapidly becoming smarter especially with the use of the internet. Features like riding data, vehicle diagnostics, battery behaviour, and other details of the vehicle can be tracked with the help of a smartphone. Archaic analogue meters are emerging for the latest smart and digital displays to provide various information, including turn-by-turn navigation, drive range, Bluetooth connectivity, etc. Other companies like Minda Industries and Pricol are already present in the EV space and providing solutions to vehicle makers. Both these companies have been selected under the PLI scheme and will set up new verticals to cater to the requirements of EVs. In April, CEAT incorporated a wholly-owned subsidiary CEAT Auto Components, with an authorised capital of Rs 1 crore. The subsidiary will be responsible for manufacturing, selling, marketing, importing and exporting auto components for all vehicles and any mode of transportation. The demand for EVs across categories like two-wheelers, three-wheelers, cars and mini trucks had seen robust growth last year due to new launches. According to the central estimates, 30% of passenger four-wheelers and 40% of two and three-wheelers will be electric by 2030. Recently, CEAT has unveiled its plan to launch branded tyres in the US, Canada, Australia and South America, along with the launching of new tyres in Europe. Image Source Also read: CEAT to double its business in Europe in next 2-3 years

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?