Apollo Tyres Set For Price Hike-revenue surges but margins skid as costs rise | All The News

Apollo Tyres Set For Price Hike

Apollo Tyres Set For Price Hike

Apollo Tyres Set For Price Hike

As the owner of a retail tyre company, then this is something that is close to my heart. I also think that it is good for business. when there is a bit of inflation in the economy. Apollo are the third or fourth tyre manufacturer to hint that tyre prices were on the rise. As a result, prices are blamed on the increase of raw materials, in this case “rubber”.

Eric Roberts

No doubt, Apollo Tyres Ltd’s December quarter performance raced past Street expectations on all fronts. But rising raw material prices tempered the company’s profitability and the bigger concern is there is no sign of them cooling off. In fact, Apollo Tyres’ management in the analysts’ call cautioned investors that there could be a 10% increase…

Source: Apollo Tyres’ revenue surges but margins skid as costs rise | All The News