CEAT eyes market leadership in EV tyres within the next two years

Tyre maker Ceat is eyeing the top position in the electric vehicle (EV) tyre market within the next two years, a senior company official said.

“We already have a 40 per cent market share with two-wheeler original equipment makers (OEMs) in the electric vehicle space. For passenger vehicles (PVs), we now have a 14-15 per cent share. We aim to continue increasing these shares consistently and aspire to become the market leaders within the next two years,” said Arnab Banerjee, managing director and chief executive officer of Ceat.