+
CEAT to reinvent tyres with IOS sensors, GPS trackers, AI systems
ROADS & HIGHWAYS

CEAT to reinvent tyres with IOS sensors, GPS trackers, AI systems

Tyre manufacturing major CEAT Limited is planning to reinvent its tyres. The company plans to embed Internet of Things (IoT) sensors, Global Positioning System (GPS) trackers and artificial intelligence (AI) to provide insights and visibility over operations.

CEAT plans to introduce these smart tyres in the first quarter of FY22.

Tyre management accounts for about 15-20% of the total operational costs in managing bigger fleets. Many logistics companies do not have the technical data and skills to digitise and optimise tyre management. According to CEAT, the new tyres will reduce the cost incurred on managing them and provide safety to the vehicles and drivers.

CEAT Fleet Solutions is a strategic business unit of CEAT, focused on tech-enabled driving solutions sales to commercial vehicles in the country. It uses big data, AI solutions and advanced digital stack to enhance the efficiency of larger fleets.

Before developing intelligent tyres, CEAT's Fleets Solutions was working to achieve a similar goal with traditional tyres and a stack of technologies operating behind.

Vice President of Sales Development and Fleet Solutions of CEAT, Pali Tripathi, said that the algorithm could identify the poor performance of the tyres and suggest actions to improve them. Through the algorithm, the company can say what will happen to the tyre in future because of some driving behaviour. It has been tested, and the predictability coefficient is high.

By using IoT systems, like tyre pressure monitoring systems (TPMS), the company will get real-time visibility of the status of the tyres. In case of raised or dropped temperature, an auto alert will be raised to inform the driver.

In case of breakdown, the driver can reduce the downtime and cost by using CEAT's application. CEAT also integrated IoT devices with enterprise resource planning (ERP), which will provide real-time monitoring of tyre data remotely using a single tool.

To ensure that the new tyres work efficiently, CEAT uses open Application Programming Interfaces (APIs). If the drivers already have an Enterprise Resource Planning (ERP), it will be taken on priority.

To develop a management stack, CEAT has collaborated with many tech companies and startups. Its partnership with Accenture has helped to develop a business model and on-route solutions.

Image Source

Tyre manufacturing major CEAT Limited is planning to reinvent its tyres. The company plans to embed Internet of Things (IoT) sensors, Global Positioning System (GPS) trackers and artificial intelligence (AI) to provide insights and visibility over operations. CEAT plans to introduce these smart tyres in the first quarter of FY22. Tyre management accounts for about 15-20% of the total operational costs in managing bigger fleets. Many logistics companies do not have the technical data and skills to digitise and optimise tyre management. According to CEAT, the new tyres will reduce the cost incurred on managing them and provide safety to the vehicles and drivers. CEAT Fleet Solutions is a strategic business unit of CEAT, focused on tech-enabled driving solutions sales to commercial vehicles in the country. It uses big data, AI solutions and advanced digital stack to enhance the efficiency of larger fleets. Before developing intelligent tyres, CEAT's Fleets Solutions was working to achieve a similar goal with traditional tyres and a stack of technologies operating behind. Vice President of Sales Development and Fleet Solutions of CEAT, Pali Tripathi, said that the algorithm could identify the poor performance of the tyres and suggest actions to improve them. Through the algorithm, the company can say what will happen to the tyre in future because of some driving behaviour. It has been tested, and the predictability coefficient is high. By using IoT systems, like tyre pressure monitoring systems (TPMS), the company will get real-time visibility of the status of the tyres. In case of raised or dropped temperature, an auto alert will be raised to inform the driver. In case of breakdown, the driver can reduce the downtime and cost by using CEAT's application. CEAT also integrated IoT devices with enterprise resource planning (ERP), which will provide real-time monitoring of tyre data remotely using a single tool. To ensure that the new tyres work efficiently, CEAT uses open Application Programming Interfaces (APIs). If the drivers already have an Enterprise Resource Planning (ERP), it will be taken on priority. To develop a management stack, CEAT has collaborated with many tech companies and startups. Its partnership with Accenture has helped to develop a business model and on-route solutions. Image Source

Next Story
Infrastructure Urban

ITCONS Gains on New Rs 3.5 Million Defence Contract

ITCONS E-Solutions is trading at Rs 549.00, up by Rs 12.10 or 2.25 per cent from its previous close of Rs 536.90 on the BSE. The scrip opened at Rs 549.00 and has touched an intraday high and low of Rs 549.00, with 200 shares traded so far.A BSE ‘MT’ group stock with a face value of Rs 10, ITCONS touched its 52-week high of Rs 767.00 on 25 September 2024 and a 52-week low of Rs 166.70 on 5 August 2024. Over the past week, the stock has fluctuated between Rs 560.00 and Rs 510.60. The company's current market capitalisation stands at Rs 3.3 billion.Promoters hold 58.22 per cent of the compan..

Next Story
Infrastructure Urban

Delhi Extends EV Policy Till March 2026

The Delhi government has extended its existing Electric Vehicle (EV) Policy until 31 March 2026, or until a revised version is approved. The decision was made during a Cabinet meeting chaired by Chief Minister Rekha Gupta on Tuesday.According to Transport Minister Pankaj Kumar Singh, the draft of the new policy will undergo broader public consultation before being finalised, prompting the extension to allow time for thorough stakeholder engagement.The consultation process will include inputs from citizens, environmental groups, academic institutions, industry experts, and private firms. Key fo..

Next Story
Infrastructure Urban

Ather Crosses 400 Fast Chargers in Maharashtra

Electric two-wheeler manufacturer Ather Energy announced on Thursday that it has surpassed 400 fast charging points under its Ather Grid network across Maharashtra.The company's fast charging infrastructure now spans 35 cities in the state, including key urban centres such as Mumbai, Nashik, Pune, and Nagpur."Crossing 400 fast chargers in the state is about giving riders the assurance that they'll always find a charger when they need one. As we expand our retail presence, the charging network will continue to grow in tandem to make EV ownership truly seamless," said Ravneet Singh Phokela, Chie..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?