In a CEAT analyst meet, the company said it is expecting better growth in the domestic tyre industry this year as against last year.
This year its target is to grow five percent as against two to three percent last year.
Stiff competition from Chinese companies will continue to put pressure on export sales, the company said.
Increase in volume growth is expected with commission of two new plants in Halol and Nagpur by first and the fourth quarter of this year respectively.
In Passenger Vehicle (PV) segment, capacity is expected go up by 110 tonnes per day (TPD) at Halol plant while in two-wheeler segment, the capacity is likely to increase by 1.2 million tyres at the Nagpur plant, company said.
CEAT sees a 60 percent in growth in radialisation levels in truck tyres in next five years. Two wheelers and PV segments are the areas where the company sees high margins in FY16. EBITDA margins is seen in double digits this year as well, management added.
Issue over the acquired land in Bangladesh venture is expected to be cleared within the next two months, management said, adding that it is targeting 30-40 percent market share in Bangladesh over the next five years.
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