There would be, in case there are any major changes, which we do not anticipate as of now, we would have to again take pricing action. When it comes to the OE, most of the OEs, especially in the passenger car segment, we have indexation with the raw material.

The CCI had, in August 2018, imposed penalties totalling more than ₹1,788 crore on the tyre companies and also asked them to cease and desist from indulging in unfair business practices.

It is expected that the market share level in PCR will improve with better product positioning and further availability of capacity through expansion

In its results for Q1FY24 filed on August 4, the company reported a 2.1 percent YoY rise in its revenue from operations at Rs 3,718.1 crore as compared to Rs 3,643 crore in Q1FY23.

Equity markets in India reached new records in the last week of June, ending the month with a 3.5% gain. The rally was supported by strong foreign institutional investor flow and positive sentiment from the advance of the southwest monsoon. Several smallcap and midcap stocks delivered double-digit returns, with JBM Auto and Tata Motors among the top gainers. Analysts expect the upward trend to continue, and investors will be watching for economic data releases and insights from the US Federal Reserve's FOMC minutes.