Thursday, 5 May 2011
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India: Tyre-maker Ceat to up prices by 3-5% from month-end
MUMBAI: Tyre-maker Ceat today said it has decided to hike its tyre prices by 3-5 per cent from this month-end to offset surging rubber prices for the second time this year. "Raw materials prices have gone up to an all-time high, touching Rs 250 per kg of natural rubber. The current increase in rubber price is unbearable and we have decided to jack-up the selling price of all types of tyres,"
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