JK Tyre & Industries has hiked the price of its heavy commercial vehicles tyres by 2%, of light vehicles by three to 4% and of other vehicles by two to 3%. JK Tyre & Industries is one of the leading automotive tyre manufacturers in
The last price increase took place in October 2008, and in February this year, producers reduced the prices of heavy commercial vehicle tyres by about 9% following a cut in excise duty from 14% to 8%.
Import of rubber is not a viable option at this point of time as the difference between local prices and imported prices have narrowed down to Rs2-3 per kg from Rs18-20 earlier. In the April-August period, rubber production in India fell 13%as compared to the same period last year to 2,73,575-tonnes. Automotive tyre exports fell 22%in July to 4,46,418 units as against 5,71,479 units registered in the same period last year. In fact, there has been a steady drop in exports in the last few months.
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| Company Name | CMP |
|---|---|
| MRF | 129797.05 |
| Apollo Tyres | 529.00 |
| CEAT | 3014.50 |
| JK Tyres & Inds. | 387.40 |
| Balkrishna Inds. | 2815.35 |
| View more.. | |
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