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Ceat may hike prices soon

02 Jun 2011 Evaluate

Ceat Ltd, part of the Rs 17,000-crore RPG Group, may roll out another round of price hike of 2-3% this month, as high rubber prices continue to put the squeeze margins. It had raised tyre prices by an average of 3-4 per cent across different categories last month, as had most of the other major players. Prices of rubber, which spiralled by 70 per cent last fiscal, are peaking at Rs 240/kg, are ruling at about Rs 220/kg.

The company is also ramping up production at its Halol plant in Gujarat, to gain optimum mileage during the summer when demand for tyres usually peaks due to increased wear and tear.Ceat is among the five major players that account for 80 per cent of the estimated Rs 30,000-crore domestic tyre market, which grew about 25 per cent.crackcrack

CEAT Share Price

3703.30 -84.30 (-2.23%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 134652.95
Apollo Tyres 432.30
CEAT 3703.30
Balkrishna Inds. 2264.90
JK Tyres & Inds. 418.45
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