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Higher Rubber Prices Continue To Eat Into Profits Of Indian Tire Majors
370 Views24 Feb 2025 15:00
The higher raw material prices in the domestic market continued to make a dent in the profit margins of the Indian tire majors in the quarter ending December 2024, but they cushioned the impact to an extent by hiking tire prices. The tire majors made guarded purchases of the raw material rubber from the domestic market.
What is covered in the Full Insight:
- Introduction to Indian Tire Majors' Challenges
- Financial Performance in Q3 FY2025
- Impact of Raw Material Prices and Imports
- Strategic Moves and Capex Plans
- Outlook and Future Prospects
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