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CEAT to develop tech for EVs

Wednesday, 11 May 2022
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CEAT, a tyre manufacturing company, will diversify its product portfolio by offering technologies for connected vehicles and electric vehicles (EVs). 
 
The company is yet to start its operations in this segment. The company has even incorporated a wholly-owned subsidiary CEAT Auto Components with an authorised capital of Rs one crore. 
 
The subsidiary will carry out the business of manufacturing, selling, marketing, exporting, importing of auto components for all categories of vehicles and any mode of transportation.
 
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