CEAT Ltd is looking to profit from the growth from tire maker Arnabbbb Banerjee, Arnab Banerjee, managing director and CEO of the company He said passenger car sales in India will boost demand in alternative markets in the future. The company is also poised to enter the U.S. passenger vehicle (PV) truck and bus radial (TBR) tire market in the first quarter of the next fiscal year, focusing on leveraging its international presence as a growth engine. This means that 40 million vehicles will translate into immediate replacement demand over the next two to three years,” said Banerjeeb. Therefore, the trajectory of OEMs bodes well for the replacement market,” the company told PTI. He was responding to a question on the impact of growing PV sales in India on tire manufacturers. In 2023, Indian passenger vehicle sales hit a record high of 4.108 million units, up 8.3% year-on-year, with SUVs accounting for almost half of total manufacturer-to-distributor shipments. Banerjee sai...