UDPATE 1-JK Tyre to raise prices by August- MD

Newswire

(Adds details, share price) NEW DELHI, June 23 (Reuters) - JK Tyre & Industries Ltd will raise prices of tyres by August as costs of natural rubber and crude oil weigh on margins, its managing director said on Monday. Benchmark international rubber prices are up 11.7 percent since the beginning of the year and crude oil is trading over $136 a barrel. "Cost of inputs -- oil, rubber and power -- are really pushing, and pushing continuously," Raghupati Singhania told reporters at a ...

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