Before the start of the winter season in Russia, a price increase is expected for automobile tires. Timur Sharipov, general manager of Kama Trading House (general distributor of Kama Tires products), explained this. informs “Russian newspaper”.
“This will happen primarily because of the ruble exchange rate. For example, natural rubber, an important component of tires, does not grow in Russia. Therefore, it must be imported from Southeast Asian countries. All contracts are in currency. As the exchange rate rises, we have to increase the prices of rubber products to compensate for this growth,” said Sharipov.
According to the interlocutor, the market is marginal and not profitable enough to buy the raw material at a higher price, about 60% of the cost, and not change the final cost for the consumer and try to compensate for the exchange rate difference. rates at the expense of their own margin.
13 automotive companies due to weak ruble and new recycling fee rates coming into effect raised Car prices in Russia in August.
Formerly Ikon Tires (formerly Nokian Tires) introduced New tire names for Russia.