Owing to the surge in the rubber prices and topped with diminishing supply, the tyres will soon see an upward revival in their prices. This has come as a setback for the tyre industry and tyre manufacturers across India. Although, by the end of first quarter this year, some trade analysts had forecasted the price rise due to the increase in the price of raw material cost. In June 2016 the domestic prices soared to 12 percent, while the global figure has gone up to 15 percent.<\/p>\n
On the same backdrop, there are expectations that JK Tyres will be the first in the industry to revive the prices of their products. As per JK Tyres President Mr. Vivek Kamra the prices witnessed in December-February phase were unrealistically low and consequently, the shoot in the tyre rubber prices shouldn\u2019t be taken as a surprise. According to him, in coming days there are all chances of company raising the prices of the tyres.<\/p>\n
Good to know:<\/strong> In June 2011 the rubber prices were Rs 205\/kg, which met their lowest dip in February 2016 with Rs 94\/kg. And now it has swelled to Rs 143\/kg, which is the prime reason behind the tyre price rise.<\/p>\n","protected":false},"excerpt":{"rendered":" Owing to the surge in the rubber prices and topped with diminishing supply, the tyres will soon see an upward revival in their prices. This…<\/p>\n","protected":false},"author":4,"featured_media":280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[77,438,442,441,385,439,440],"class_list":["post-279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-jk-tyres","tag-jk-tyres-news-2016","tag-rubber-prices","tag-tyre-brands-in-india","tag-tyre-industry-india","tag-tyre-industry-news-2016","tag-tyre-prices-in-india"],"yoast_head":"\r\n