Apollo Tyres, India's second largest tyre maker by sales, is considering increasing product prices next week, after rubber prices soared to a record high, a senior official said.
Apollo Tyres, India’s second largest tyre maker by sales, is considering increasing product prices next week, after rubber prices soared to a record high, a senior official said.
“We are in the process of finalising it, it should be within the next week or so,” chief financial officer Sunam Sarkar told Reuters. He did not disclose the amount of the proposed hike.
Spot prices of rubber, which accounts for about half the total cost of a tyre, rose to a record high of INR18,000 rupees (US$387) on Monday.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
