What is the Full Form of CEAT ?
Cavi Elettrici e Affini Torino (Electrical Cables and Allied Products of Turin) >> Companies & Corporations
Cavi Elettrici e Affini Torino (Electrical Cables and Allied Products of Turin) - CEAT Restricted (previously, Cavi Elettrici e Affini Torino) is an Indian worldwide tire producing organization claimed by the RPG Gathering. It was laid out in 1924 in Turin, Italy. It has a presence in worldwide business sectors. CEAT produces more than 165 million tires per year and fabricates tires for traveler vehicles, bikes, trucks and transports, light business vehicles, earth-movers, forklifts, farm haulers, trailers, and auto-carts. The flow limit of CEAT tires' plants is north of 800 tons for every day.The organization was established as Cavi Elettrici e Affini Torino (Electrical Links and Unified Results of Turin) by Virginio Bruni Tedeschi in 1924, in Turin, Italy.On 10 Walk 1958, the organization was consolidated as CEAT Tires of India, in Mumbai. At first, the organization worked together with the Goodbye Group.In 1972, the organization set up an innovative work unit at Bhandup. In 1981, Deccan Fiber Glass Restricted was converged with the company.In 1980, Alberto, child of Virginio, offered the Cavi Elettrici e Affini Torino to venture company SOFIT, which proceeded to eliminate positions. Oweing to it, in 1981, the organization bombed in Italy and Pirelli bought the right to the CEAT name, which it offered to RPG Gathering in 1983.In April 2022, the Opposition Commission of India struck the central command of CEAT alongside other tire organizations like Apollo Tires, MRF (Madras Elastic Plant) and Mainland Tires at numerous areas. Prior in February the antitrust guard dog had put out an announcement about fining these tire organizations a sum of Rs 1788 crores (of which CEAT fined Rs 252.16 cr.) for dividing cost delicate data between themselves to deal with their cartelization of tire costs for provisions to the public vehicle enterprise of Haryana state. Prior the All India Tire Sellers League had whined to the Service of corporate issues about this cartelization of these organizations to expand the tire costs. The service had then alluded the case to the CCI.