Tyre maker Ceat Ltd today said it has
hiked its stake in the company`s Sri Lankan joint venture (JV)
Associated CEAT Holdings Company Pvt Ltd (ACHL) to 54.84 per
cent by acquiring 36.84 per cent more stake in the firm.
Tyre makers, including JK Tyre and Ceat Ltd, have hiked prices of their products by two to four percent from October 1 due to a substantial rise in rates of key raw material natural rubber in the last six months.