RPT-UPDATE 1-JK Tyre says to raise prices by 3-4 pct in June

Newswire

(Repeats story issued late on Tuesday) (adds details) NEW DELHI, May 25 (Reuters) - JK Tyre and Industries plans to increase prices of its products by 3-4 percent in June, on surging costs of raw material, especially rubber, Managing Director Raghupati Singhania said on Tuesday. The firm has already raised prices by 5 percent since January. It expects 30-35 percent revenue growth in FY11 as vehicle sales boom, but profitability may be under pressure due to the rise in raw material ...

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