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Both CEAT and JK Tyre maintain that strong demand in the replacement tyre market is helping to cushion the impact of price hikes
This expansion positions them to meet the growing demand for high-performance vehicle tyres in both domestic and international markets, the company said
Industry experts predict that raw material prices will rise by another 5-6 per cent in the next quarter, although there is hope for stabilisation or even a softening by the third quarter
The spike in commodity prices has impacted gross margins
Healthy volume outlook, focus on debt reduction are key positives, say analysts
Price hikes to offset some of the the surge in raw material costs
It's the second price hike in three months; dealers feel the increase is untimely