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Business Line

Brand experts laud Bombay HC ex-parte order staying Apollo Tyres ad that allegedly depicts CEAT Tyres in poor light

CEAT LTD has approached moved the court stating that its CrossDRIVE AT tyre is depicted to be worn out in an Apollo Tyres video commercial while CEAT with trade mark embossed therein and is compared to a brand new APOLLO APTERRA AT2 tyre

The Economic Times

Bombay HC grants temporary relief to CEAT in case against Apollo Tyres’ ads

The Bombay High Court has ordered Apollo Tyres to halt advertisements that allegedly disparage CEAT Ltd’s ‘Crossdrive AT’ tyres. The court noted that CEAT has a strong case and could suffer irreparable harm. The case will be heard further on October 11.

The Economic Times

Price hikes to continue, Ceat pushing for growth to accelerate in second half: Arnab Banerjee

Ceat's MD & CEO Arnab Banerjee explains that price hikes will continue due to inadequate pass-through of raw material costs, with further increases anticipated in September. Despite high natural rubber prices, Ceat aims for growth in international markets and has planned significant capex for FY25. Banerjee also says the overall OEM demand will be flattish. But the replacement demand is not flat.

Business Standard

Reliance Power bags 500 MW battery energy storage contract through auction

Reliance Power on Monday announced that it has secured a battery storage contract of 500 MW through the e-reverse auction (eRA) conducted by the Solar Energy Corporation of India (SECI). The auction, held on September 11, 2024, is part of SECI's initiative to enhance energy storage capabilities across the country. The contract involves the installation of a total of 1,000 MW of standalone BESS units, awarded on a build-own-operate (BOO) model for "On Demand" usage under a tariff-based competitive bidding process. Reliance Power has secured 500 MW MWh of this capacity, marking a significant entry into the renewable energy and storage sector, a company spokesperson said. The competitive bidding saw Reliance Power submitting a tariff bid of Rs 3.81999 lakh/MW/month. This new tariff benchmark represents one of the lowest rates for BESS tenders at the 400 KV level in India to date. The delivery point for the project shall be 400 kV Fatehgarh(ATL) PS, Rajasthan. The scheduled commissio

Business Standard

Buy & Sell Ideas for Sep 16; top stock picks by Rajesh Bhosale of Angel One

For over 8 months, CEAT has faced resistance around the 2,900 level. However, prices have now broken this range, confirming a strong 'Inverse Head and Shoulders' breakout

Business Line

CEAT’s Chennai plant expansion to drive its TBR growth, SUV market focus

The Chennai plant has added a new production line for TBR tyres at an investment of ₹670 crore

Business Standard

Ceat eyes global market with truck tyre production line in Chennai plant

This expansion positions them to meet the growing demand for high-performance vehicle tyres in both domestic and international markets, the company said

The Economic Times

Ceat commissions new line at Chennai plant to produce truck, bus radial tyres

Ceat has inaugurated a new production line for truck and bus radial tyres at its Chennai plant. This expansion will gradually reach a capacity of 1,500 tyres daily over the next year, enhancing Ceat's ability to meet the demands of high-performance vehicles in both domestic and international markets, including Europe and the US.

Business Standard

CEAT commences commercial production at Tamil Nadu plant; stock up 2%

The installed capacity of the plant is expected to progressively reach 1,500 tyres per day in the next 12 months