Tyre Firms to Hike Prices Afresh
Indian tyre manufacturers are set to increase prices following further increase in rubber prices. The recent most recent hike is said to be 1.5-2 per cent, according to India’s Business Line newspaper.
Over the last 13 months, tyre prices have gone up by 15 per cent for the OE segment, and 7 to 8 per cent for the replacement market, which mostly comprises truck tyres.