Friday, November 15, 2024

No brakes on tyre price hikes likely for now

Indian tyre prices are expected to increase again. Manufacturers say previous price hikes do not cover the rising cost of natural rubber. Global rubber prices have surged due to high demand and bad weather in Southeast Asia. High shipping costs and long delivery times have also impacted tyre production.

from Auto-Industry-Economic Times https://ift.tt/13T5cpu

No comments:

Post a Comment

Apollo Tyres to invest Rs 5,800 cr to expand capacity in Andhra Pradesh

Apollo Tyres announced a significant Rs 5,810 crore investment to expand its Andhra Pradesh manufacturing facility, aiming to boost passenge...