02 Sep 2025

CEAT Shares Gain Over 2% as Company Acquires Michelin’s CAMSO Business

CEAT is currently trading at RS. 3276.55, up by 72.45 points or 2.26% from its previous closing of RS. 3204.10 on the BSE.

The stock opened at RS. 3208.20 and touched a high of RS. 3334.00 and a low of RS. 3208.20. A total of 9028 shares have been traded so far.

A BSE group 'A' stock with a face value of RS. 10, CEAT reached a 52-week high of RS. 4048.95 on July 15, 2025, and a 52-week low of RS. 2322.05 on April 7, 2025. In the past week, the scrip recorded a high of RS. 3334.00 and a low of RS. 3039.90. The company’s current market capitalization stands at RS. 13170.15 crore.

Promoters hold 47.21% in the company, while Institutions and Non-Institutions hold 37.46% and 15.33% respectively.

In a significant development, CEAT has acquired Michelin Group’s CAMSO Construction Compact Line Business, including its Sri Lanka-based Midigama plant and the Casting Product plant in Kotugoda. The acquisition also grants CEAT global ownership of the CAMSO brand, which will be permanently assigned across categories after a three-year licensing period. This marks a major milestone in CEAT’s strategy to strengthen its presence in the high-margin Off-Highway Tyres (OHT) segment.

Over the last decade, CEAT has built a strong agricultural portfolio, and with CAMSO’s expertise in compact construction equipment tracks and tyres, the company now gains access to over 40 global OEMs and premium international OHT distributors. Following this move, Michelin will exit from compact line bias tyres and construction tracks.

With the addition of CAMSO’s Compact Construction Equipment business, CEAT is moving closer to its vision of becoming the world’s most trusted name in Off-Highway Tyres and tracks.

CEAT is one of India’s leading tyre manufacturers, producing a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors, tippers, and trucks. The company also manufactures and markets tubes and flaps.