CEAT to invest ₹1,205 Cr for 53,000 tyres/day capacity expansion

Ceat's Board of Directors approved a significant capital expenditure of approximately ₹1,205 Crores for capacity expansion. This investment aims to add about 53,000 tyres per day, to be implemented progressively in phases by the end of FY2031. The expansion is driven by the nearing full utilization (~95%) of the company's existing two-wheeler tyre production capacity at its Nagpur plant. The project will be funded through a mix of internal accruals and debt. Additionally, the Board approved the unaudited financial results for the quarter ended June 30, 2026, and the re-appointment of M/s. B S R & Co. LLP as Statutory Auditors for a second five-year term, subject to shareholder approval.