Indian manufacturers hike prices

Due to rising natural rubber prices in international markets, tyre makers across India are planning to increase prices in replacement markets. Prices are expected to go up by around 3-5 per cent by April-end. “We have already hiked our prices almost four times in the past 12 months.

And the input costs have shown no signs of softening,” says Sunam Sarkar, director of Apollo Tyres. Prices of rubber alone have seen a 30 per cent jump year-on-year..