Now, be ready to pay up to 5% more for tyres

It's the second price hike in three months; dealers feel the increase is untimely

Tyre majors have decided to increase prices by three to five per cent, the second time in three months. E-mails to MRF, Michelin and TVS Tyres did not elicit a response but Apollo Tyres, CEAT and dealers of the other companies have confirmed the increase.

Satish Sharma, president, Asia-Pacific, Middle East and Africa for Apollo, said they'd raised prices by five per cent during the March quarter. From the end of this month, it had decided to increase the price further, by around three per cent. With this, the cumulative price hike for Apollo would be nine to 10 per cent