Robust replacement market battery sales, particularly for four-wheelers, aided in pass through of higher input costs
As rubber prices continue to surge, tyre makers indicate 5-6 per cent increase in raw material cost in Q2 compared to Q1FY2025
Tyre exports have been under pressure given weakness in US and European economies. But tailwinds from lower costs could support near-term margins
Koshi Varghese, executive vice-president - marketing of MRF says that softening of raw materials prices largely contributed to our profitability. Our top line growth has been significant in after market and export markets.
Paban Kataky, executive director- automotive, tells CNBC-TV18 in an interview that a combination of original equipment manufacturers (OEMs) and a dwindling replacement market hit their earnings this season.