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