Apollo Tyres is taking a price hike of 3-5 percent in the domestic market in the third quarter of this fiscal (Q3FY22) to offset the impact of rising commodity prices, which if continue to remain high, may compel it to take a similar increase in the fourth quarter. Up until September, the company had taken an average increase of around 9 per cent in tyre prices.
Apollo Tyres is one of the leading tyre manufacturers in India with its product portfolio spread across tubeless and tube type tyres for cars, suvs, trucks, buses etc.
