News of tyre price hikes and robust auto sales numbers may however support the current valuations of tyre manufacturers. Tyre firms are doing the balancing act. In a response to Mint’s queries, Apollo Tyres Ltd pointed out that input prices could spike by 7-10% in the next two-three months. Rubber prices, although lower in the last month, have not softened as expected. News of tyre price hikes and robust auto sales numbers may however support the current valuations of tyre manufacturers.

Source: Mint February 27, 2018 02:37 UTC