Showing posts with label Indian tyre makers are increasing imports of natural rubber. Show all posts
Showing posts with label Indian tyre makers are increasing imports of natural rubber. Show all posts
Apollo Tyres Ltd gained 2 per cent, MRF Ltd was up 2.2 per cent, Ceat Ltd jumped 4.5 per cent, while JK Tyre & Industries Ltd rose 2.1 per cent.
Natural rubber makes up more than 40 per cent of the cost of a tyre, according to analysts.
Indian tyre makers are increasing imports of natural rubber as it is cheaper overseas compared to local supplies.
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