Then: The retail price of a non-radial tyre for a mid-sized car was Rs 900 in 1992.
Now: A radial now costs Rs 2,900, a 222%rise in 16 years.
Then: If the price of car tyres keeps rising at the same rate, one tyre will cost Rs 9,100 in 2024.
Car-owners will feel the pinch because tyres need to be replaced after every 50,000 km or so. The cold comfort is that many people don’t keep a car for more than four-five years. So, by the time the tyres are worn out, the owner has already decided to upgrade to a new car.