JK Tyre Capacity – and Prices – to Increase

16th December 2010 | 0 Comments
JK Tyre Capacity – and Prices – to Increase

Prices for JK Tyre and Industries products will increase by up to five per cent in the New Year as the tyre maker seeks to offset climbing raw material costs. India’s The Economic Times reports company vice chairman and managing director Raghupati Singhania as disclosing during the JK Tyre-organised Indian Car and Motorcycle of the Year awards that “we will increase tyre prices by four to five per cent from January to offset surging raw materials costs, especially natural rubber. Singhania added that the price increase applies to both passenger car radial and truck tyres and JK Tyre may implement further price rises should rubber prices continue to increase.

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