JK Tyre plans 11-13% price hikes

Indian tyre maker JK Industries expects to raise product prices by 11%-13% by the end of the first half of fiscal 2027 to offset rising input costs, its finance chief Sanjiv Aggarwal said. The hikes reflect pressure across the auto-parts sector after an oil price rally linked to the Middle East conflict drove up the cost of petroleum-based inputs, energy and freight. Raw material prices have increased over 20%, impacting the company's business. JK Tyre has rolled out monthly price increases in the first quarter, with a small part implemented in June and the rest due in coming months. The move brings it in line with rivals Apollo Tyres and CEAT, which have also raised prices. Strong vehicle sales (up 21.8% in June) give tyre makers room to pass on higher costs.