Profit InsightsPollution Provisioning Costs Tyre Manufacturers In Q4 | Profit Insights
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Pollution Provisioning Costs Tyre Manufacturers In Q4 | Profit Insights
Tyre stocks have been affected by one-time provisions this quarter for Extended Producer Responsibility. But, what is this government policy and what led to the fall?
Tyre companies will likely see their revenue impacted, thanks to the Extended Producer Responsibility provisions they are now required to make under government policy. For the layman, this is a strategy to add estimated environmental costs associated with a product, in this case tyres, throughout its life cycle to the selling price.Some companies have reported the provisions as exceptional items in the last quarter of fiscal 20...