Indian Tyre Shares Boosted in Wake of Hikes
As promised, the price hikes across some of India’s premier tyre manufacturers have been implemented. JK Tyre raised its truck tyre prices by 6 per cent, while Ceat raised non-commercial vehicle tyres by the same quantity. Meanwhile, Apollo has raised prices across segments by 7 per cent.
Following the hikes, shares in each of the companies went up in value, JK Tyres the leaders with a rise of 1.86 percent, closing in Mumbai at 96.05 rupees.