CEAT Expands Global Footprint with New Step-Down Subsidiary in Sri Lanka

CEAT Limited has announced the incorporation of a new step-down subsidiary in Sri Lanka, named CEAT OHT Ventures (Private) Limited. The entity was officially registered on May 2, 2025, with an initial capital of LKR 3,00,000, to be infused in multiple tranches.

According to regulatory filings with BSE and NSE, the subsidiary is a related party to CEAT through its wholly owned Sri Lankan arm, CEAT OHT Lanka (Private) Limited, which holds 49% equity in the new venture. The balance shareholding is held by a local partner, in accordance with Sri Lankan regulatory norms.

The subsidiary will be engaged in the industrial development, construction, and leasing of commercial infrastructure including warehouses, primarily to support the manufacturing and storage of automotive tyres and related components. This development marks another step in CEAT's strategy to strengthen its presence in international markets.

CEAT OHT Lanka (Private) Limited is a wholly owned subsidiary of CEAT Limited, operating in the off-highway tyre (OHT) segment. The company focuses on manufacturing and supporting tyres used in agriculture, construction, and industrial applications. It plays a role in expanding CEAT’s international operations, particularly in specialized tyre markets.

In December 2024, CEAT Limited incorporated a step-down subsidiary in Sri Lanka named CEAT OHT Ventures (Private) Limited. This new entity was established with an initial capital of LKR 300,000, to be infused in multiple tranches. The purpose of the subsidiary is to support industrial development, construction, and leasing of commercial infrastructure such as warehouses. These facilities are intended to assist in the production and storage of automotive tyres and related components.

CEAT has been active in Sri Lanka since 1992, beginning with a joint venture involving Associated Motorways (AMW) and Kelani Tyres (Pvt) Ltd, resulting in the formation of CEAT Kelani International Tyres (Pvt) Ltd. Since then, CEAT has become a leading tyre manufacturer in the country, producing tyres for various vehicle categories, including trucks, light trucks, three-wheelers, motorcycles, and agricultural vehicles.

The company has also achieved IATF 16949 certification, becoming the first tyre manufacturer in Sri Lanka to obtain this international automotive quality standard. This certification supports CEAT’s approach to quality assurance and supply chain management.

Recent developments, including the incorporation of CEAT OHT Ventures and the acquisition of the Camso off-highway tyre business from Michelin, reflect CEAT's strategy to strengthen its presence in the OHT segment. These steps also aim to enhance manufacturing capacity in Sri Lanka and contribute to export growth.