Hardening rubber prices to put pressure on tyre makers’ margin: Crisil

Hardening rubber prices to put pressure on tyre makers’ margin: Crisil

Pune: Tyre makers are headed for a rough patch as the price of natural rubber has increased more than 33% on-year in just the first five months of this fiscal year amid strong demand and crunched supply, which could strain their profitability, Crisil Market Intelligence and Analytics (MI&A) said. Domestic prices of natural rubber closed … Read more

india: India’s passenger vehicle sales set to gain further momentum

india: India’s passenger vehicle sales set to gain further momentum

Passenger vehicles sales in India have been on a steady growth path since FY22 and are expected to close the ongoing fiscal with 6-8% growth. A growing middle class, an increase in disposable incomes and a low penetration ratio have been fuelling the growth, finds out Shally Seth Mohile. Why do passenger vehicle sales in … Read more