Ceat to reduce prices of Truck and Bus tyres by 4-5%

Ceat Ltd has announced that in the month of July, the Company had increased prices of truck and bus tyres by 7-8% due to the rising trend in natural rubber and other raw material prices. Since then, the prices of natural rubber and crude oil have declined. The Company has now decided to realign its prices on truck and bus tyres by 4-5% in order to pass the benefit of the cost reduction to its customers.

Source : Equity Bulls

Keywords