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CEAT Ltd. is undertaking a strategic capacity expansion at its Chennai plant, boosting Passenger Car Utility Vehicle (PCUV) tyre production by ~35%. This Rs. 450 Cr investment, funded via internal accruals and debt, is set for completion by end of FY27. The move is aimed at capitalizing on strong anticipated medium-term growth in the PCUV category, ensuring the company is well-positioned to service future market demand. This proactive step underscores CEAT's growth outlook.
#CEAT #TyreSector #CapacityExpansion