raw material costs

No brakes on tyre price hikes likely for now

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No brakes on tyre price hikes likely for now

Mumbai: Tyre prices in the domestic market that have been rising almost every quarter on the back of a steep increase in natural rubber prices in the international markets are set to rise further as manufacturers have guided for further hikes in the ongoing quarter. According to them an increase of 2-6% taken since the … Read more

CEAT: Expect easing of pressure from high natural rubber price in H2: CEAT MD & CEO Arnab Banerjee

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CEAT: Expect easing of pressure from high natural rubber price in H2: CEAT MD & CEO Arnab Banerjee

Homegrown tyre major CEAT Ltd expects easing of pressure from high raw material costs in the second half of the ongoing fiscal after being impacted by 15-year high domestic natural rubber prices, according to its Managing Director and CEO Arnab Banerjee. The company expects its aftermarket business to continue to grow in double digits and … Read more