Kolkata: Ceat Ltd has finalised plans to establish a 36-lakh radial tyre facility at an estimated cost of Rs 500 crore. The proposed greenfield facility will primarily manufacture radial tyres for passenger car, utility vehicles and light commercial vehicles. The project will also comprise a pilot plant for manufacturing 2.5 lakh truck-bus radials annually. While the company is reportedly weeks away from finalising the location, for the moment the search for land has narrowed down to Andhra Pradesh, Karnataka and Gujarat. It may be mentioned that Ceat initially unveiled a hunt for the right partner having access to proven technology for establishing a commercial scale truck bus radial facility. As an alternative strategy, the company had named global consultants for helping develop a truck-bus radial technology of its own as well as improving its existing passenger car radial technology.
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