CEAT eyeing to foray in business of sporting equipment

CEAT is eyeing to carry on the business of manufacture, distribution and sale of sporting equipment, which can conveniently and advantageously be combined with the existing business of the company. The board of directors at its meeting held on April 29, 2014, approved the proposed alteration in object clause of the Memorandum of Association (MOA) of the company, subject to the approval of the shareholders. CEAT is among the best tyre manufacturers in India. Besides tyres, the company also manufactures and markets tubes and flaps. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks.