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

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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.