Tyre Stock: Ceat shares jump 3% after acquiring Michelin Group’s CAMSO Construction Compact Line BusinessTyre Stock: Ceat shares jump 3% after acquiring Michelin Group’s CAMSO Construction Compact Line Business

Introduction

Leading tyre manufacturer expands its off-highway mobility segment by acquiring a global compact construction equipment business, gaining international brand rights, new plants in Sri Lanka, and access to over 40 OEMs and premium distributors.

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Share price movement of CEAT

On September 2, 2025, Ceat Ltd opened at ₹3,208.20, up 0.13% from its previous close of ₹3,204.10. The stock reached a high of ₹3,334.00 and a low of ₹3,208.20. By 12:33 PM, it traded at ₹3,309.15, a 3.28% increase, with a market cap of ₹13,385.54 crore.

CEAT Acquires CAMSO Business, Expands OHT Global Reach

CEAT Limited has acquired Michelin Group’s CAMSO Construction Compact Line Business, including the Midigama plant and Casting Product plant in Kotugoda, Sri Lanka. The acquisition brings CAMSO under CEAT’s Off-Highway Tyres business.

The deal grants CEAT global ownership of the CAMSO brand after a three-year licensing period. CEAT gains access to over 40 international OEMs and premium distributors across Europe and North America for compact construction equipment.

CEAT will invest US$171 million in Sri Lanka. The acquisition secures 1,483 jobs and combines CEAT’s tyre manufacturing with CAMSO’s compact construction equipment production for global markets.

Stock performance of CEAT for Period of 1 week, 6 months, and 1 year

Ceat Ltd delivered a 5.4% return over the past week. It gained 24.4% in the past six months and rose 14.6% over the past year.

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Shareholding pattern of CEAT

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	47.20%	47.20%	47.20%
FII	17.40%	15.30%	15.80%
DII	20.10%	21.50%	20.50%
Public	15.30%	16.00%	16.40%

About CEAT

Ceat Ltd (NSE: CEATLTD) is a leading Indian tyre manufacturer, producing tyres for passenger cars, two-wheelers, trucks, buses, and off-highway vehicles, catering to domestic and international markets with exports to over 110 countries.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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