A Oneindia Venture

Apollo Tyres To Increase Prices Next Week!

By Staff

Published: Tuesday, June 29, 2010, 17:12 [IST]

Due to the ever increasing prices of rubber in the recent past, India's second largest Tyre maker, Apollo Tyres is planning to increase its Tyre prices and will announce the same next week.

According to Sunam Sarkar, Chief Financial Officer, Apollo Tyres, the company is in the process of finalising the prices and it should be within the next week.

Although, there is no hint on the probable percentage of increase in prices of Apollo Tyres, spot prices of rubber, which costs half the total cost of every Tyre peaked to a never before high pricing of Rs. 18000.

This increase in pricing will in turn make the vehicle manufacturers to rise the cost of vehicles.

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Article Published On: Tuesday, June 29, 2010, 17:04 [IST]

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