CEAT Limited has taken a major step forward in its Off-Highway Tyres (OHT) strategy by acquiring Michelin Group’s CAMSO Compact Construction Line business. The deal includes the Midigama tyre plant and the Casting Products facility in Kotugoda, Sri Lanka, along with global rights to the CAMSO brand. After a three-year licensing period, full ownership of the brand will be permanently transferred to CEAT.
This acquisition marks a significant milestone in CEAT’s journey to become a leading global player in the OHT segment. The addition of CAMSO’s expertise in compact construction equipment tracks and tyres complements CEAT’s strong agricultural portfolio, creating opportunities to engage with over 40 global OEMs and premium international distributors. Michelin, as part of this agreement, will exit activities related to compact line bias tyres and construction tracks.
Speaking on the occasion, Santosh Jha, High Commissioner of India to Sri Lanka, said “I extend my best wishes to CEAT Limited for this investment in Sri Lanka. India has consistently been the largest source of FDI in Sri Lanka, and I am pleased to see this trend continue. The partnership underscores the shared vision of both countries’ leadership to build a future of prosperity and stronger economic cooperation.”
Arnab Banerjee, MD & CEO, CEAT Limited, commented “The integration of CAMSO’s compact construction business and brand into CEAT is a pivotal move in advancing our long-term vision of becoming a major global player in Off-Highway mobility. This will strengthen our capabilities, expand our portfolio, and help us access new geographies while driving sustainable growth.”
Amit Tolani, Chief Executive, CEAT Specialty, added “The CAMSO brand is a strong addition to our portfolio. Our immediate priority is a smooth transition that ensures customer satisfaction while strengthening operations in Sri Lanka. This step significantly enhances our ability to serve global markets with high-quality products in the OHT space.”
With this acquisition, CEAT moves closer to its vision of becoming the world’s most trusted name in Off-Highway tyres and tracks, backed by a combination of premium branding, advanced manufacturing, and expanded customer access. CEAT, an RPG Group company, is one of India’s leading tyre manufacturers, producing tyres for passenger cars, two-wheelers, trucks, buses, light commercial vehicles, and off-highway applications.
CEAT caters to leading OEMs and exports to over 110 countries worldwide. It is the first tyre brand globally to receive the Deming Grand Prize for Total Quality Management and has also been awarded the World Economic Forum’s Lighthouse Designation for Industry 4.0 adoption.
RPG Group, founded in 1979, is a diversified conglomerate with revenues of US$ 5.2 billion. Its businesses span infrastructure, tyres, IT and technology, pharmaceuticals, energy products, and plantations, with operations in over 135 countries. The Group employs over 35,000 people from 40 nationalities and is recognized for its high standards of governance, innovation, and sustainable growth.
