CEAT plans investment worth Rs 1,300 crores, to expand Chennai plant
Multinational tyre manufacturing firm CEAT has planned an investment worth Rs 1,300 crores. The investment will be made for the expansion of its Chennai manufacturing facility to increase the production of passenger car radial (PCR) tyres.
As per the firm, the investment will add around 35 lakh tyres annually, taking total PCR production capacity from 95 lakh units to an estimated 1.3–1.4 crore tyres.
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