In fiscal year 2024, the Wholesale Price Index for tires and tubes was almost 114, indicating that the prices for these commodities increased by four percent from the base year of 2012. One of the reasons for the decrease in wholesale prices for tires and tubes was the reduced scheduled rate of Goods and Services Tax (GST) levied on the purchase or sale of tire and tube commodities that year.
Wholesale Price Index of tires and tubes across India from financial year 2013 to 2024
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Wholesale Price Index of tires and tubes across India from financial year 2013 to 2024
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Data also includes retreading and rebuilding of rubber tires.
The Wholesale Price Index or WPI determines the price of wholesale goods, focusing on trade between corporations rather than goods bought by consumers. WPI monitors the movements of supply and demand in industry, manufacturing and construction.
India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.
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OEA (India). (January 24, 2025). Wholesale Price Index of tires and tubes across India from financial year 2013 to 2024 [Graph]. In Statista. Retrieved March 08, 2025, from https://www.statista.com/statistics/688266/wholesale-price-index-of-tires-and-tubes-india/
OEA (India). "Wholesale Price Index of tires and tubes across India from financial year 2013 to 2024." Chart. January 24, 2025. Statista. Accessed March 08, 2025. https://www.statista.com/statistics/688266/wholesale-price-index-of-tires-and-tubes-india/
OEA (India). (2025). Wholesale Price Index of tires and tubes across India from financial year 2013 to 2024. Statista. Statista Inc.. Accessed: March 08, 2025. https://www.statista.com/statistics/688266/wholesale-price-index-of-tires-and-tubes-india/
OEA (India). "Wholesale Price Index of Tires and Tubes across India from Financial Year 2013 to 2024." Statista, Statista Inc., 24 Jan 2025, https://www.statista.com/statistics/688266/wholesale-price-index-of-tires-and-tubes-india/
OEA (India), Wholesale Price Index of tires and tubes across India from financial year 2013 to 2024 Statista, https://www.statista.com/statistics/688266/wholesale-price-index-of-tires-and-tubes-india/ (last visited March 08, 2025)
Wholesale Price Index of tires and tubes across India from financial year 2013 to 2024 [Graph], OEA (India), January 24, 2025. [Online]. Available: https://www.statista.com/statistics/688266/wholesale-price-index-of-tires-and-tubes-india/
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