Ceat would be investing Rs.5,000 crore to set up a tyre manufacturing unit near Sunkuvarchatram, located 49 km from Chennai. The manufacturing unit would be set up at an area of about 163 acres.
It’s speculated that the factory would produce nearly 150 tonnes of tyres a day in the beginning.
Chennai already is home to a number of major tyre manufactures including MRF, Michelin, Apollo tyres and JK Tyres. The city is a favorite destination for tyre manufacturing units due to its proximity to vehicle manufacturing units for Hyundai, Ford, Nissan, Renault, Ashok Leyland, Royal Enfield And Yamaha.