CEAT targets one-third export revenue share, eyes double-digit volume growth over next five years: CFO Kumar Subbiah
CEAT aims to boost international revenue to one-third of its total within five years, up from 25%, while maintaining double-digit volume growth. In the near term, however, the tyre maker plans further price hikes to offset rising raw material costs, particularly natural rubber. Significant capacity expansions are underway in Chennai and Nagpur, with substantial capital expenditure planned over the next few years. The company also navigates foreign currency risks and monitors capex cash flows closely.