Business Tyres and Tubes Unconvicing Sob Story

THE benefit of the 10 per cent cut in basic excise duty on tyres and tubes is likely to be absorbed by the manufactufers themselves, ;This is indicated by the increase of 9 to 10 per cent in ex-factory prices of truck and bus tyres and tubes announced by two manufac-turers, Dunlop and Goodyear. Accord-ing to market sources, it is only a mat-ter of time before other manufacturers follow suit. Tyre and tube manufac-turers, it would seem, deliberately stagger price increases, perhaps to escape the attention of the MRTP authorities.