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Tyre maker CEAT Ltd expects strong double-digit growth in FY27, riding on bullish domestic demand post GST cut and robust international business despite disruptions from the war in West Asia, according to its MD & CEO Arnab Banerjee. The company, which has announced a Rs 1,205 crore investment towards capacity expansion, also expects the availability of more capacity to help drive growth, Banerjee told PTI. "We expect a strong double-digit growth, overall in FY27," he said when asked about the outlook for FY27. On a consolidated basis, CEAT Ltd had posted a 22 per cent year-on-year revenue growth of Rs 4,318 crore in the first quarter of the ongoing fiscal. Banerjee further said, "We are very bullish on overall market expansion post GST cut. Rural markets are doing very well. Our Q1 top line growth was good." Stating that some more capacities are coming on stream, Banerjee said, "We expect robust growth to continue." CEAT had announced a capex of Rs 1,205 crore, primarily to ...
The Indian tyre industry stands to gain from the government's steps to enhance spending on infrastructure announced in the Union Budget 2026-27, Automotive Tyre Manufacturers Association (ATMA) said on Monday. The tyre sector is closely linked to the performance of the transport and infrastructure ecosystem and the substantial increase in public capital expenditure to Rs 12.2 lakh crore is a significant positive for long-term demand growth, ATMA said in a statement. The higher capex allocation underscores the government's ongoing push to build future-ready infrastructure across the country, particularly roads, rail connectivity, urban mobility networks and logistics corridors , which are critical drivers of tyre demand across all vehicle segments, it added. "The tyre industry's growth is intrinsically linked to the pace of infrastructure expansion in the country. The government's focus on elevating public capex reinforces demand momentum for tyres across both passenger and commercia