MANUFACTURING
Tyre Makers Face Temporary Margin Squeeze As Raw Material Costs Rise
India’s tyre manufacturers are likely to see their operating margins moderate this fiscal as a sharp rise in raw material costs outpaces staggered price increases, according to Crisil Ratings. Operating margins for the industry stood at 14.2% last fiscal and are expected to decline by around 200-250 basis points this fiscal, as key input costs […]
