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Read more about Apollo Tyres gets nod to re-start production at Kerala manufacturing plant on Business Standard. Apollo Tyres on Thursday said it has received permission from the authorities to re-start operations at its manufacturing plant at Perambra in Kerala from May 21.On May 17, the company had informed about the closure of plant till May 23, 2021,
Kerala
India
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District-government
Erala-manufacturing-plant
Pollo-operations
Tyre-manufacturing
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Highlights
The price of natural rubber has increased from Rs 100 a kg to Rs 180 a kg.
This surge in prices would eventually affect the price of vehicles as it is going to be costlier than before.
Tyres manufactured in India have a ratio of 40% natural rubber and 50% of synthetics (petrol derivatives).
Tyre companies may raise prices again next month due to an increase in natural rubber (NR) rates in recent weeks. The increase might be 5% on average, said industry sources.
This will be the third price increase by the companies after the lockdown.
The companies have already increased prices by 2-4% and this has happened due to an increase in prices of crude derivatives. Oil and its linked derivatives such as carbon black form an integral part of a tyre company’s raw material basket.
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India
Tyres
Tyre-manufacturing
Natural-rubber
Synthetics
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