J K Industries Raises Prices
Indian manufacturer J K Industries has increased prices across all ranges of its four wheeler tyres by 2.2 per cent and hinted at a further hike in May, owing to rising input costs, particularly that of rubber. “The gap between raw material cost and the product price has been about 7 per cent. Even after raising the price of tyres by 2.2 per cent we still have a gap, which we are looking at covering with another round of price hikes in May,” said JK Industries’ Marketing Director, Kalyan Paul.