Ceat, the flagship company of RPG Enterprises, is one of India's leading tyre manufacturers and has a strong presence in global markets. Ceat produces more than 41 million high-performance tyres, catering to various segments like 2-3 wheelers, passenger and utility vehicles, commercial vehicles and off-highway vehicles. According to the IMF, the Indian economy will contribute 15 per cent of global growth in CY23. Ceat anticipates good growth in the Indian market and overseas in the near future as a result of stabilisation of commodity prices and improved supply chains leading to stronger margins. The company said that the Indian tyre industry has the potential to become a global leader in Indian manufacturing, especially with the current search for alternatives to China due to geo-political tensions.