JK Tyres to raise prices by 2-4 pc

Tiruchirapalli: The tyre manufacturer company JK Tyre & Industries has decided to hike price of its products by two to four per cent by the end of this month. According to a senior company executive as the rubber prices were going up the company has decided to hike price.

The price revision in the range of two to four per cent is inevitable and it would be made effective from the last week of this month across the country, JK Tyre & Industries Marketing Director AS Mehta said.

"The raw materials prices have gone up to an all time high, touching Rs 210 or even Rs 220 per kg of natural rubber.

When the price of natural rubber was enhanced Rs 180 per kg in the previous quarter we did not increase the price of tyres since market conditions were not conducive," he said.