JK Tyres Increase Prices Again

Rising raw material costs, especially of rubber and petroleum products, have prompted Indian tyre manufacturer JK Tyres to warn that it will raise the prices of its tyres over the next three months.

The company raised its prices as recently as December and, according to senior general manager Vikram Malhotra, there is no alternative to the proposed increase, as raw material price increases have already affected the company’s bottom line.