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CEAT CAPITALIZES ON REPLACEMENT TYRE SURGE WITH RISING PV SALES
January 29, 2024
|The Business Guardian
Tyre maker CEAT Ltd aims to capitalize on the growth in passenger vehicle sales in India, expecting a boost in demand for replacement tyres
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CEAT Ltd, a tire manufacturer, aims to capitalize on the rising sales of passenger vehicles in India, anticipating a subsequent increase in demand within the replacement market. This perspective was shared by the Managing Director and CEO, Arnab Banerjee.
The company is also gearing up to enter the passenger vehicles (PV) and truck and bus radial (TBR) tyre market in the US in the first quarter of the next fiscal, with an eye on making its international business one of the growth engines.
The company is also gearing up to enter the passenger vehicles (PV) and truck and bus radial (TBR) tyre market in the US in the first quarter of the next fiscal, with an eye on making its international business one of the growth engines.
"Four million cars means immediate translation into replacement demand in the next two to three years. So it is a very good trajectory. The Original Equipment Manufacturer (OEM) trajectory is boding very well for the replacement market," Banerjee told.
هذه القصة من طبعة January 29, 2024 من The Business Guardian.
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