NR prices are killing us-Kanwar

摘要

Neeraj Kanwar told ERJ, "In India [the price of nr] is killing us, we are up about 40 percent quarter-on quarter." Kanwar continued, "We are not able to pass those on to the customer. The Indian customer is very price sensitive and they will not pay those prices." He said the effect is to reduce margins by half in Apollo's Indian tyre business.