INTERVIEW-UPDATE 1-MRF sees costs eroding margins

Newswire

* Says price hikes taken not enough to cover cost push * Spending 7-8 bln rupees for expansion this fiscal (Adds quotes, details) By Aniruddha Basu MUMBAI, April 29 (Reuters) - MRF Ltd , India's top tyre maker, may face pressure on its operating profit margins despite expectations of robust sales because of a surge in commodity prices, a senior official at the firm told Reuters. Prices of natural rubber, a key commodity for tyre makers, had hit a record high of 16,950 rupees ...

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