BruceReynolds - China Automobile Expert-CNAUTO

Takashi: Indian tire makers are yet to offer these advantages. The fall in natural rubber prices has also been transferred to consumers. Some admit they have transferred benefits on a small scale, but others say rising prices have prevented them from doing so. Over the past year, natural rubber prices in the domestic market have fallen 34% to Rs 123 per kilogram, the lowest in the past five years. Prices fell in the international market due to oversupply and weak demand in China. During the same period, global rubber prices plunged 38%. Since natural rubber is the main raw material for tires, the most important question is whether manufacturers will reduce tire prices. Satish Sharma, President, Asia Pacific, Middle East and North Africa, Apollo Tyres “In order to adapt to the changes in raw material prices and the competitive nature of our markets, we have made several small price reductions.” The adjusted prices are not very visible due to the sluggish sal...

Vehicles

Tyre

Auto Spareparts

Material

Const machinery & Agro equipment

Tyre Makers in Rough Patch