Kerala floods crisis: Tyre companies' margins may fall by 1.5-2%'

The ratings agency expects the margins of the tyre industry to fall by 1.5-2 per cent between the second and third quarters of FY19, due to a higher cost of production.

Kerala floods crisis: Tyre companies' margins may fall
"Floods in Kerala will disrupt domestic supply and hence tyre companies will resort to higher imports to meet the rising tyre demand", Image source:Reuters

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