Tyre Companies Won't Be Able to Hike Prices: Prabhudas Lilladher
Prabhudas Lilladher's auto analyst Surjit Arora believes tyres companies like Ceat and Apollo won't be able to hike prices despite input cost pressures, as the market is highly competitive. The dream run for tyre companies' operating margins are over as 55 per cent of the input cost is linked to volatile crude prices, he said.
