In conversation with CNBC-TV18, AK Bajoria, President & Director of the company, said the JK Tyre has shown a 5 percent growth. It has achieved reasonable results and going forward he hopes the company does better.
Although input prices are now inching higher, Apollo Tyres hopes to maintain margin around 18 percent says VC & MD Neeraj Kanwar.
The company has passed on price cut of 8-9 percent to its consumers, and has increased ad expenditure 70 -80 percent year-on-year. This is what has impacted CEAT's margins, says Anant Goenka, MD, CEAT.