Imported Tyres Prices Surged By 25% in 2021

In 2021, the auto market have experienced price hike on the Cars and motorbikes. Along with car prices and motorbikes prices, the tyres also saw massive hike in the prices. The Tyre prices have increased by 25% between January and December2021.

The imported tyre prices increased due to three reasons

 Devaluation of Rupee
 Imposition of Regulatory Duty RD
 Increase in import trade price

Bridgestone o r Good Year Tyres

The prices of Bridgestone o r Good Year tyres 155/65/13, 175/70/13, and 185/65/14 increased by Rs. 15,000, Rs. 10,500, and Rs. 13,150 respectively. In January, the same imported tyre prices were Rs. 9,000, Rs. 8,100, and Rs. 10,700.

Chinese Tyres

The Chinese tyres 175/70/13 and 185/65/14 are currently sold at Rs. 7,000 and Rs. 8,500.In January their old prices were Rs. 5,500 and Rs. 6,500 in January.

Dunlop Tyres

Dunlop tyres 175/70/13 and 185/65/14 now cost Rs. 8,950 and Rs. 10,750 against their old prices of Rs. 7,350 and Rs. 9,275 in January.

Used Tyres

According to media report, the second hand tyres also saw an increase in the prices. A set of four used Bridgestone o r Good Year tyres 155/65/13 in good condition without any puncture spots cost around Rs. 15,000. In January, the same set came for Rs. 8,000 to Rs. 9,000.

Local Tyres

Where the prices of imported tyres have increased by 25%, the prices of locally manufactured tyres have gone up by 8 to 11% in a year.

Pakistan Tyre Importers and Dealers Association PTIDA chairman Ashraf Dharani complained that the government believes tyres are luxury items, whereas all over the world, tyres fall in the category of essential items of daily use.

He said that a further increase in taxes on imported tyres would harm the market. More legal trade will shift to tyre smuggling, which is already a big challenge.

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