JK Tyre Plans Further 4–5% Price Hike in Q3 Amid Rising Costs
JK Tyre & Industries plans another 4–5% tyre price increase in the December quarter as raw-material costs squeeze margins. The source also reports record Q2 revenue growth.
Record Q2 revenue grows 20 per cent year-on-year, but higher raw-material and freight costs continue to weigh on marginsJK Tyre & Industries plans to raise tyre prices by another 4-5 per cent in the December quarter as rising raw-material costs continue to squeeze margins. The company has already i…