JK Tyre to raise prices by 3-5 pc from May 1: Official

MUMBAI: JK Tyre and Industries will increase tyre prices by 3 to 5 per cent from May 1, but that still would not be enough to counter the sharp surge in rubber prices, a senior official said. 

"I can tell you that from May 1 I am increasing the prices. We will have to think again in June," A S Mehta, director-marketing, said on Tuesday. 

Indian rubber prices had hit a record high of Rs 16,950 on Saturday, forcing the increase, he said. 

"I would say if rubber continues at these levels, there would be a series of price increases by the industry," Mehta said.

(economictimes.indiatimes.com)