JK Tyre to raise prices by August- MD

Newswire

NEW DELHI, June 23 (Reuters) - JK Tyre & Industries Ltd will raise prices of tyres by August as costs of natural rubber and crude oil are rising constantly, its managing director said on Monday. "Cost of inputs -- oil, rubber and power -- are really pushing, and pushing continuously," Raghupati Singhania told reporters at a news conference. "There is no option but to pass on some of the cost". He declined to specify the quantum of the hike in prices. (Reporting by C.J. Kuncheria; ...

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