Apollo Tyres increase prices

Apollo tyres has said today that they will be increasing their tyre prices by 15-20%.

Its not certain when this is all going to happen ideas are just in the pipeline at the moment.

Its due to the rubber that the pricing is rising as the rubber makes 40% of the tyre.

New Delhi: Apollo Tyres Ltd will have to raise prices by as much as 15-20% to sustain margins on record high rubber prices, a top official said on Thursday. “The situation looks challenging.

Price increases are definitely inevitable, given the pressure we are facing on raw materials,” Sunam Sarkar, chief financial officer, told Reuters in an interview.