Sunday, 20 March 2011
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Cues from global majors
As per media reports, tyre maker Michelin announced a 12% increase in truck tyre prices in Africa and India. Apollo Tyres is present in both these geographies. As per an article in Rubber World, Yokohama Tire raised truck tyre prices by 8%. We believe this sets the stage for price increases by other tyre manufacturers and bodes well for the fundamentals of the tyre industry. Over the past two
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