Ceat introduces freight surcharges amid rising logistic costs

Ceat CEO Arnab Banerjee said the tyre manufacturing company has introduced freight surcharges in overseas markets amid rising logistic costs driven by West Asia war. "We've [hiked] prices 3 to 5%…The [price] pass-through will happen through...April, May, and June with a lag," Banerjee said. The depreciation of the rupee against the dollar is hurting raw material imports, he added.

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