CEAT’s new plant in Lanka launches ‘Gripp’ high performance tyres
View(s):Four new high performance tyres with sophisticated features have been launched in Sri Lanka by Asian Tyres (Pvt) Ltd, the new motorcycle tyre plant commissioned recently with an initial investment of Rs. 95 million by CEAT Kelani Holdings, the company sad.
Branded Gripp, the four tyre sizes fit nearly 30 models of motorcycles , from popular brands such as TVS, Hero, Yamaha, Bajaj, Discovery, Pulsar, Victor GLX and Honda, on Sri Lanka’s roads, enhancing the CEAT product portfolio in the two-wheel segment.
All of these tyres have a unique directional block tread pattern that ensures free tyre rolling, with sturdy blocks for road grip, the company revealed.
Deep shoulder grooves ensure water pumping even while cornering and its maximum tread arc width delivers exceptional handling and stability at high speeds. An improved tread compound also contributes to enhanced grip on wet and dry surfaces,
These tyres are being manufactured at the new Asian Tyres (Pvt) Ltd’s state-of-the-art motor cycle tyre manufacturing facility at the CEAT Kelani complex, Kelaniya.
It has an initial capacity of 162,000 tyres a year in 17 sizes, some with all-new tread patterns that deliver improved performance in local conditions, media release disclosed. As a member of CEAT Kelani Holdings, the new plant is expected to increase the value of import substitution that CEAT has already achieved, improve export earnings and further consolidate the company’s market share in the motorcycle tyre segment.
CEAT Kelani currently accounts for 17 per cent of the motorcycle tyre market in Sri Lanka, in addition to its market shares of 30 per cent in the radial segment, 52 per cent in the Truck/Light Truck category, 48 per cent in the 3-Wheeler segment and 73 per cent in the agricultural tyre segment.