# CEAT approves additional Rs 706 crore investment in tyre capacity expansion

CEAT's board approved an additional investment of approximately Rs 706 crore for capacity expansion at a greenfield passenger tyre project, increasing total planned investment to Rs 3,506 crore up to FY 2022.

- Type: Expansion
- Announced: 2018-02-01
- Where: India
- Value: $110.0M (7.06B INR)
- Starts operating: 2022
- Status: announced
- Products: passenger tyres
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [CEAT](https://endata.com/companies/29802.md)

## Sources

- [business-standard.com](https://www.business-standard.com/article/news-cm/board-of-ceat-approves-additional-investment-of-rs-706-cr-in-capacity-expansion-118020101734_1.html), 2018-02-01: "The Board of CEAT at its meeting held on 01 February 2018 has approved a proposal for additional investment of approx. Rs 706 crore towards capacity expansion of greenfield project for passenger tyres"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.