Rubber price jump: Tyre firms' margins may be hit
Financial Express Lucknow|December 23, 2024
WITH A SHARP escalation in the cost of natural rubber and other raw materials in recent months and the outlook on demand muted, tyre manufacturers may see their margins taking a hit in FY25.
SWARAJ BAGGONKAR

Compared to the start of the financial year, natural rubber of the RSS 5 and RSS 4 varieties, typically used for tyremaking, saw a surge of 26-35% in prices in just 4-5 months this year.

From around ₹1.5 lakh per tonne in January 2024, the price of natural rubber jumped to around ₹2.40 lakh per tonne by September, a rise of 60%, data from the Rubber Board and CRISIL Research showed.

Esta historia es de la edición December 23, 2024 de Financial Express Lucknow.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición December 23, 2024 de Financial Express Lucknow.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE FINANCIAL EXPRESS LUCKNOWVer todo
Financial Express Lucknow

It's slow going at Indiamart

The B2B platform is working to stabilise operations

time-read
3 minutos  |
December 23, 2024
Financial Express Lucknow

ISRO to study how crops grow in space on PSLV-C60 mission

DEMONSTRATION OF SEED germination in outer space, a robotic arm to catch a tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4, the fourth stage of ISRO's PSLV rocket that remains in orbit after launching a satellite.

time-read
1 min  |
December 23, 2024
Financial Express Lucknow

Scott Boland & the 'stolen generation'

ONLY IN HIS mid-20s, did the 35-year-old Scott Boland, Australia's fast bowler set to play in the fourth Test against India, realise his aboriginal origins.

time-read
2 minutos  |
December 23, 2024
Financial Express Lucknow

Broker strength falls 40% on compliance burdens

Brokerage firms are facing increasing compliance burdens, leading to a 40% decline in strength.

time-read
1 min  |
December 23, 2024
Financial Express Lucknow

26 members enter startup billionaire club in 2024

Fifty-year-old Supam Maheshwari, an IIM Ahmedabad alumnus, founded the online platform for babycare products FirstCry after selling an e-learning company that he had set up.

time-read
1 min  |
December 23, 2024
Financial Express Lucknow

Eliminates odour, cleans indoor air in a jiffy

● Ideal for bedrooms, offices, or small living areas

time-read
2 minutos  |
December 23, 2024
Financial Express Lucknow

'Consumers prioritise value, want devices tailored to their needs'

applications like graphic design. AI-driven technologies are also gaining traction. Consumers increasingly seek AI features in devices, such as BenQ's upcoming home projectors with AI Cinema, which use advanced algorithms and a camera to optimise content dynamically based on room lighting conditions.

time-read
3 minutos  |
December 23, 2024
Financial Express Lucknow

Tech redefines how we shop in-store

● AI provides cues according to individual tastes

time-read
2 minutos  |
December 23, 2024
Financial Express Lucknow

Sensible. Sustainable. Sensual

All the luxury you need, at half the price of a luxury car & two times fuel efficiency

time-read
2 minutos  |
December 23, 2024
Financial Express Lucknow

GOVO GOBUDS SPORTComfortable fit for long sessions

These earbuds have low latency and a strong battery

time-read
1 min  |
December 23, 2024