While the India tyre manufacturers have already announced several rounds of prices hikes already but the rising input costs are surely becoming one of the biggest threats on the margins of the Indian tyre manufacturers.

It has been learned that the Indian tyre makers have decided to announce another hike in their prices with a view to offset the rising commodity prices in the domestic circuit.

Be it MRF, JK tyres or Ceat, almost all the company have raised their prices by close to 15-20% already this year but perhaps the rising commodity prices are becoming a headache for now.

A. S. Mehta, Director – Marketing, JK tyres recently said that the industry is going through one of the worst quarters and hence, even the hikes announced in the past are not able to offset the rising commodity prices. Moreover, Mehta pointed out the fact that the natural rubber prices are currently moving around the price point of Rs. 160 per kg. It is expected that this will be the last hike announced by the tyre companies and there will not be any more hike in prices for the rest of the year.