Prominent tyre player

Set to ride on the growth of the domestic market, driven by GST reforms, rural demand, a shift toward high-value products

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Ceat, the flagship of the RPG Group, is a manufacturer of tyres catering to various segments includingtwo- and three-wheelers, PVs, UVs, CVs and off-highway vehicles. Two-wheelers contributed 28%, trucks andbuses 29%, PVs and UVs 21%, off-highway 15%, and LCVs and others 7% to revenue in H1 FY 2026.

Customers include auto OEMs as well as the replacement market. Distribution network consists of more than 5,700 dealers and 61,000 sub-dealers, operating across over 1,115 sales channels. As much as 52% of the revenue was derived from the replacement segment, 29% from OEMs, and 19% from exports in H1 FY 2026.

Ceat sustained a strong double-digit revenue growth of 14.2% in Q2FY 2026 over Q2FY 2025, driven primarily by an 11% increase in volumes. The OEM and the international business segments primarily led the growth. The realizations improved marginally on both year-on-year and quarter-on-quarter basis.