INTERVIEW-Ceat rules out production cuts as demand revives

Newswire

By Aniruddha Basu MUMBAI, March 26 (Reuters) - Tyremaker Ceat Ltd does not see any more production cuts and hopes to close the year with a modest revenue growth on a pick up demand, a top official said on Thursday. "We started taking production cuts in a big way in Oct-Dec last year...we did not want to be producing out of costlier raw material," managing director Paras Chowdhary told Reuters. Ceat, India's fourth largest tyremaker by sales, had cut production several times at its ...

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