Mumbai, India / Colombo, Sri Lanka – September 2, 2025 – CEAT Limited has announced a major leap in its Off-Highway Tyres (OHT) growth strategy by acquiring Michelin Group’s CAMSO Construction Compact Line Business, including the Midigama tyre plant and the Casting Product plant in Kotugoda, Sri Lanka.

As part of this landmark deal, CEAT also gains global ownership of the CAMSO brand, which will be permanently transferred across categories after a three-year licensing period. With this acquisition, CEAT positions itself among the top global players in the high-margin OHT segment.

Over the past decade, CEAT has built a strong presence in the agricultural tyres market. The addition of CAMSO’s expertise in compact construction equipment tracks and tyres opens doors to over 40 global OEMs and premium international distributors. Michelin, meanwhile, will exit its compact line bias tyres and construction tracks activities.

India–Sri Lanka Partnership Strengthened

H.E. Santosh Jha, High Commissioner of India to Sri Lanka, welcomed the move, stating:

“India has been the largest source of FDI in Sri Lanka in recent years, and I am delighted to see this trend continue. CEAT’s investment reflects the deepening of the investment-led partnership between the two nations and supports our shared vision of economic prosperity.”

CEAT’s Leadership Vision

Arnab Banerjee, MD & CEO of CEAT Limited, highlighted the strategic importance of the acquisition:

“Integrating CAMSO’s compact construction equipment business and acquiring the CAMSO brand is a pivotal step in CEAT’s long-term vision of becoming a leading global player in Off-Highway mobility. This move will allow us to expand our product portfolio, enter new geographies, and achieve sustainable growth.”

Echoing this, Amit Tolani, Chief Executive of CEAT Specialty, added:

“The integration of CAMSO’s premium brand and manufacturing capabilities marks a transformative milestone. Our immediate focus is on ensuring a seamless transition, customer satisfaction, and strengthening our operations in Sri Lanka.”

A Transformative Step in Global OHT Market

With CAMSO’s compact construction line now under its umbrella, CEAT is well-positioned to accelerate its growth journey and reinforce its vision of becoming the world’s most trusted name in Off-Highway Tyres and tracks.