Mar 31, 2021

Tyre prices skyrocket as CEAT raises prices by 11.8% Featured

CEAT Kelani Holdings (Pvt) Ltd has announced in a public statement that it will amend the price of its tyre products by 11.8 per cent.

However, upon calling the hotline on the statement, 'Sri Lanka Mirror' learns that the 'amendment' is actually a price increase. 

Admitting that a shortage exists due to import restrictions, the company says that they would increase production to meet market demands.

However, the statement notes that from Dec. 24, 2020, import restrictions only applied to tyres of 12 and 13 inch rim sizes as well as to tyres of Trishaws, motorbikes and scooters.