Mumbai, March 19 -- The Helmet Manufacturers Association of India has reported a significant increase in the cost of raw materials used in helmet production. The association attributes the surge to global supply chain disruptions and geopolitical tensions, which have impacted the petrochemical markets.

Data from the association indicates steep price rises across several critical components:

These materials are essential for impact absorption and shell construction. The price volatility is driven by higher freight costs and fluctuations in crude oil markets linked to ongoing international conflicts.

India is one of the world's largest two-wheeler markets, with annual sales exceeding 20 million units and is valued at over USD 2 billion....