Apollo to Increase India Prices

The Indian Express newspaper brings news that Apollo Tyres is increasing prices in its domestic market. “We have taken the decision to increase prices by 5 to 10 per cent towards the end of this month,” Satish Sharma, Apollo’s chief of India Operations is reported as saying. “Farm tyres, which consume the largest bulk of natural rubber, will see a 10 per cent increase. The increase in other non-truck tyre categories will be between 5 to 7 per cent.”