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Tyre firms raise prices for third straight quarter to combat rising costs

Business Standard LogoBusiness Standard3d ago

Tyre firms raise prices for third straight quarter to combat rising costs - Business Standard

Quick Summary:

Similarly, JK Tyre is grappling with cost pressures, reporting an “under-recovery” of around 3-4 per cent over the last two quarters.

The company has implemented selective price increases of 1-2 per cent in October and November and is considering further adjustments in Q3.

The company’s original equipment manufacturer (OEM) division also implemented a 2.5 per cent price hike, though its impact will be fully reflected in the next quarter.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 15:10:38 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23489341

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 343 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Publisher ID: #49

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