JK Tyre raised its truck tyre prices by 6%, while Ceat raised non-commercial vehicle tyres by the same quantity. Meanwhile, Apollo has raised prices across segments by 7%.
Following the hikes, shares in each of the companies went up in value, JK Tyres the leaders with a rise of 1.86%, closing in Mumbai at 96.05 rupees. (Tyres & Accessories/Staffordshire, U.K.)