Ceat - Investing For Bigger Pie Of The  Passenger Car, Truck Bus Radial Segment: Motilal Oswal

New car wheels and tyres on a production line.  (Photographer Luke Sharrett/Bloomberg)

Ceat - Investing For Bigger Pie Of The Passenger Car, Truck Bus Radial Segment: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Ceat Ltd.’s senior management team presented their roadmap for the future at its annual investor conference.

It also showcased its strategy to gain a bigger share in India, grow its exports, and investing for growth without putting undue pressure on its balance sheet. Key takeaways:

  • Demand recovery in the replacement segment is seen in June 2021. After five years of weak demand, it expects growth to pick-up as a base adjustment has occurred.

  • It plans to maintain leadership in the two-wheeler segment (at 28-30%) and expand dominance in passenger car radial (to 20% from 13-15% currently).

  • In truck and bus, it aims to increase its market share in truck-bus radial to 13-15% (from 8% currently and take it to similar levels as in the truck bus bias segment).

Click on the attachment to read the full report:

Motilal Oswal CEAT Company Update.pdf


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