Ceat posts double-digit increases in sales, earnings

27 Jan 2023

Growing nationalism, currency fluctuations, rising crude and commodity prices have resulted in market conditions that could not be anticipated as early as a year ago. China which has become a dominant player in the world tire market is threatened by duties imposed by EU and possibly the US soon. Rising crude and depreciating currencies are leading to an increase in the RM prices for many Asian and developing economies.