Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

Ceat's Camso buyout faces earnings, integration hurdles

Mint New Delhi

|

September 09, 2025

Expanding footprint The Camso acquisition is likely to boost Ceat's presence in the off-highway tyre segment going ahead.

- Harsha Jethmalani

Ceat Ltd has completed the acquisition of Michelin Group's Camso Construction Compact Line Business, effective September. The integration is expected to take four to six quarters, the company said in an analyst call on Friday.

The deal, announced in December, is in line with Ceat's strategy of driving growth through premiumization, globalization and a stronger presence in the off-highway tyres (OHT) segment. Camso has an installed capacity of 250 tonnes/day, evenly split between tyres and rubber tracks, though current utilization is about 50%.

MORE STORIES FROM Mint New Delhi

Mint New Delhi

Work to link UPI, Europe's fast payment system starts

After discussions with the European Central Bank on linking UPI with Europe's TIPS instant payment system, the Reserve Bank of India (RBI) has started the implementation phase of the UPI-TIPS integration in partnership with NPCI International Payments Ltd.

time to read

1 min

November 22, 2025

Mint New Delhi

Why selling out has become normalised

The indie scene was once built on a siege mentality. But when film music has overtaken everything, does holding out for principles hold any meaning?

time to read

6 mins

November 22, 2025

Mint New Delhi

Mint New Delhi

Gratuity and benefits to soar for millions of employees

The government on Friday implemented four new labour codes, marking the biggest overhaul of workers’ laws in decades.

time to read

2 mins

November 22, 2025

Mint New Delhi

Mint New Delhi

Finding inspiration in the chessboard

In his latest exhibition in Mumbai, artist Arvind Sundar explores the synergy between chess, art and mathematics

time to read

3 mins

November 22, 2025

Mint New Delhi

Space startup Agnikul raises ₹150 crore

Aerospace startup Agnikul has raised ₹150 crore in a Series C round, two people familiar with the matter told Mint, after its earlier plan to raise up to $50 million failed to draw sufficient investor interest.

time to read

1 mins

November 22, 2025

Mint New Delhi

Mint New Delhi

For Sid Sriram, the stage is home

From the movie 'Kadal' to Coachella, the singer celebrates his Carnatic roots as he embarks on a multi-city concert tour

time to read

2 mins

November 22, 2025

Mint New Delhi

Put kids in the audience, not just on stage

Theatre isn't about the spotlight; it is also about understanding, appreciating and enjoying art

time to read

4 mins

November 22, 2025

Mint New Delhi

Govt tells SC it will ensure ISL is held

Offering a glimmer of hope for football fans, the Centre told the Supreme Court on Friday that it will take steps to conduct the Indian Super League (ISL) 2025-26 season, as the over ₹450 crore tournament failed to attract a single bidder amid administrative and fiscal uncertainty within the All India Football Federation (AIFF).

time to read

1 min

November 22, 2025

Mint New Delhi

Mint New Delhi

Daniel Ervér STYLE CHECK

The H&M group CEO on completing 10 years in the Indian market, using digital twins in fashion, and the big challenge of sustainability

time to read

6 mins

November 22, 2025

Mint New Delhi

The sweet legacy of Murshidabad

Get a taste of a unique culinary heritage shaped by migration and royalty in this Bengal town

time to read

2 mins

November 22, 2025

Listen

Translate

Share

-
+

Change font size