Tyre makers hike prices amid note ban slowdown

Prices of car, truck tyres raised by 2-3%; for two- and three-wheelers by 2-5%

Tyre companies have increased prices by two to five per cent on rising raw material costs and margin pressures. But retailers said this was not the right time to do so because sales were down due to demonetisation.

While prices of car and truck tyres have been raised by two-three per cent, those for two- and three-wheelers have been raised by two-five per cent. Retailers said the hikes came amid a 30-40 per cent decline in sales due to demonetisation. They also did not agree with the reasons cited by manufacturers for the price hikes.

Some tyre makers did not respond to