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Tyre major Ceat is aiming at increasing production capacity to around 1,400 tonne a day over next18 months as it looks to cater to enhanced demand in both domestic and export markets
The spike in commodity prices has impacted gross margins
Tyre maker CEAT on Wednesday said it will supply its high performance CZAR HP range of tyres for Mahindra & Mahindra's new seven-seater Bolero Neo sports utility vehicle. The announcement came a day after M&M launched the new SUV built on third generation chassis shared with Scorpio and Thar, with the Mahindra mHawk engine. CEAT Ltd has collaborated with Mahindra, for its newly launched Mahindra Bolero Neo. CEAT will be supplying the CZAR HP range of tyres for the new vehicle, the company said in a release. In the past also, CEAT has also partnered with Mahindra for tyre supplies for its various other vehicle models. Designed to provide better steering control and higher fuel efficiency, the tyre has been optimized to perfectly complement the exceptional performance of Bolero Neo, CEAT Ltd said. "We take pride in our association with Mahindra, which has grown over the years. We have come a long way since 2015, and the Mahindra Bolero Neo is a testimony of our unwavering ...
Tyre maker Ceat Ltd reported a nearly three-fold increase in standalone net profit to Rs 141.84 crore in the March quarter of the previous financial year
The announcement signals an end to the search for Vivo's replacement, which had gathered pace last week, following speculation that the Chinese company had made up its mind to exit the marquee event
Shares of JK Tyre & Industries hit a 52-week high of Rs 103.80 amid heavy volumes
The management said there is expected to be some margin pressure in the next quarter due to increasing raw material prices
Bandhan Bank said its loans and advances grew by 23 per cent YoY to Rs 80,255 crore during the third quarter of the current fiscal
Factors helping capacity utilisation include encouraging domestic replacement demand in passenger vehicles, two-wheelers and the farm segment, and a drop in imports
The company has resumed operations at most of its factories with easing in lockdown restrictions, and is gradually witnessing pick up in demand as well, Kumar Subbiah, CFO of CEAT said
The Delhi government, in a major relaxation. has permitted everyone to go to office. But the Maharashtra government has gone to the other extreme by keeping offices closed till the end of May.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
After the process, the effective date for listing of commercial papers (CPs) with the exchange will be January 1, 2020, it added.
The support for the week is seen at 39,770/11,700 while the resistance would be seen near 41,100/12,140 levels. Bank Nifty would have a weekly range of 30,660 - 32,000 levels.
The RPG Enterprise flagship firm has already acquired a 163-acre land parcel for the project
The investment will spread over the next 10 years and will give direct employment to around 1,000 people
A proposal from tyre manufacturer Ceat to set up a manufacturing facility in Tamil Nadu with an investment of Rs 40 billion received a cabinet nod on Wednesday. The decision is taken at a time when the State has been under criticism for not attracting more investments, especially in its strong hold of autmotive sector, while the neighbouring states are getting more investments.According to a source from the State government, the Cabinet meeting held today discussed the proposal, which has been on talks for several months now, and approved. With this, the company can go ahead and start procedures to set up the facility. While reports earlier said that the investment proposal is to the tune of around Rs 50 billion, sources now said that the proposal approved is for Rs 40 billion. Ceat has already purchased the land for the facility, they said.The State government will soon sign an MoU with the company to take the investment proposal forward.It may be noted that a proposal from PSA ...