• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Beyond Covid-19 Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Search
  • Menu
You are here: Home1 / News2 / Product News3 / Indian Tyre Companies to Cut Prices from 1 March

Indian Tyre Companies to Cut Prices from 1 March

Date: 29th February 2008 Author: Tyrepress Editors Comments: 0

Some of India’s leading tyre manufacturers including MRF and Ceat will cut prices by between 1 and 2 per cent. According to local news sources, the news follows a proposal from India’s finance minister to introduce a two percentage point cut in duty as part of the 2008/09 budget in order to boost manufacturing. As a result, Indian manufacturers are queuing up to be seen to pass on the benefit to their customers.

“We will be passing on the entire duty cut,” K.J. Rao Chief Financial Officer at Ceat was quoted as saying. Koshy Verghese, MRF’s executive vice president commented also gave details of a 1 per cent-plus price cut on its truck products. In 2007 MRF Ltd. was reportedly the Indian market leader (22% market share;) followed closely by Apollo Tyres Ltd. (21%); JK Tyre & Industries Ltd (18%); and Ceat Ltd. (13%).

Related news:

  1. Tubeless Radials the Hot Ticket in India
  2. Ceat Outsourcing up 25% in Q3
  3. Indian Truck and Bus Tyre Exports Growing
  4. Indian Tyremakers Raise Prices with Rubber Soaring
Comments
Comments closed
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Related Tags

CEAT, India, JK Tyre, Manufacturing

Advert Location 28

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Goodyear: Dalian $1 Billion Tyre Factory Report ‘Inaccurate’ Bridgestone Motorsport Announces F1 Tyre Specifications
Scroll to top