In fiscal year 2023, the Wholesale Price Index for tires and tubes was almost 112, 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 2023
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). (July 4, 2023). Wholesale Price Index of tires and tubes across India from financial year 2013 to 2023 [Graph]. In Statista. Retrieved December 30, 2024, 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 2023." Chart. July 4, 2023. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/688266/wholesale-price-index-of-tires-and-tubes-india/
OEA (India). (2023). Wholesale Price Index of tires and tubes across India from financial year 2013 to 2023. Statista. Statista Inc.. Accessed: December 30, 2024. 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 2023." Statista, Statista Inc., 4 Jul 2023, 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 2023 Statista, https://www.statista.com/statistics/688266/wholesale-price-index-of-tires-and-tubes-india/ (last visited December 30, 2024)
Wholesale Price Index of tires and tubes across India from financial year 2013 to 2023 [Graph], OEA (India), July 4, 2023. [Online]. Available: https://www.statista.com/statistics/688266/wholesale-price-index-of-tires-and-tubes-india/
