After facing a tough time striving against the rising cost of raw material for the tyres, the tyre manufacturers in the country have decided that the consumer will be the one who will take the burden in times to come.

Notably, the cost of rubber have gone up by 60-70% over the past couple of months that has left no other option for the tyre manufacturers to announce a price rise in the Indian market. On an average, the amount of the rubber used in a tyre comes close to somewhere around 40% of the total tyre hence making it a very important component in the composition and any fluctuation in its price leads to a mirror reflection in the prices of the tyres.

In fact, tyre companies are of a view that in future, if the rubber prices go up, it will be the consumer who will be taking the burden on its shoulders.

Notably, Bridgestone tyres have recently announced a hike of 3.5% in its prices in the Indian market. Similarly, the other tyre companies have also announced a rise in its prices or will be announcing soon in days to come.