Tyre Prices

Both CEAT and JK Tyre maintain that strong demand in the replacement tyre market is helping to cushion the impact of price hikes

This expansion positions them to meet the growing demand for high-performance vehicle tyres in both domestic and international markets, the company said

Industry experts predict that raw material prices will rise by another 5-6 per cent in the next quarter, although there is hope for stabilisation or even a softening by the third quarter

The spike in commodity prices has impacted gross margins

Healthy volume outlook, focus on debt reduction are key positives, say analysts

Price hikes to offset some of the the surge in raw material costs

It's the second price hike in three months; dealers feel the increase is untimely