ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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CEAT-New Joint Ventures

EPW Research Foundation CEAT New Joint Ventures THE flagship company of the RPG group, Ceat has been able to retain its number one position in the car tyres segment even during a period when the tyre industry was saddled with a large idle capacity caused by recession in the automobile industry which led to low offtake of tyres by vehicle manufacturers. But though net sales increased by 5.7 per cent in 1992-93, a comparatively smaller increase in expenses notwithstanding, the company's profitability suffered a setback with operating profit and profit after tax declining by 11 per cent and 17 per cent, respectively. On the export front, the company sold tyres for right commercial vehicles, farm implements and earth-mover loaders and tube- less tyres specially developed for overseas customers, 50 per cent of which were sold in the US and European markets. On die whole exports doubled. Ceat also developed radial tyres for the Maruti Zen.

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