Bicycle tyre manufacturer, Ralson (India) Ltd has reduced the prices of its product by 2 per cent to keep up with the declining cost of natural rubber. | |
| "We have reduced our tyre and tubes prices by 2 per cent as prices of natural rubber have been on a declining mode for sometime," Ralson (India) Ltd Managing Director Sanjeev Pahwa said. |
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| The company reduced the prices of tyres and tubes after a gap of almost two years. |
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| The price of natural rubber has plummeted to Rs 80 per kg and may decline in future and as a result tyre companies may reduce its prices, said market analysts. |
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| In the past, the prices of natural rubber had risen considerably. As a result, the company had raised tyre and tubes prices to compensate the rising input cost. |
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| Being the largest bicycle cluster in the country, Ludhiana alone accounts for almost 60 per cent of the total bicycle tyre production which is around Rs 13-15 crore annually. |
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