Significant rise in plastic prices affects auto parts makers Business March 16, 2021 KARACHI: Prices of plastic granule increased more than 50 percent during three months, jacking up cost of auto parts production and eroding margins of mainly small and medium vending companies, industry officials said. Mashood Khan, former chairman of Pakistan Association of Automotive Parts and Accessories Manufacturers told The News that plastic granule is their major raw material, whose prices during last three months increased by more than 50 percent. It comes with various rates, he said. A kilogram is available for Rs2,500, Rs3,000 to higher prices depending on its various categories. Due to an increase in the prices, the spare parts industry is suffering, as their orders are declining at higher rates and affordability becomes the issue.