Advertisements
By citybusinessnews@yahoo.com —
The management of Michelin on Thursday approved between two and four per cent increase in the prices of Tyre in Africa, India & Middle East region.
The announcement will affect tyre prices across the commercial light truck, truck and bus segments.
Under the arrangement, the company plans a hike of 2.5% in the passenger car segment as well. The highest hike, however, will be in the SUV segment — up to 4%.
The company announced that the price revision “addresses an increase in the cost of raw materials, such as natural rubber, and other market factors,” and will be effective September 2019. It will be applicable to all Michelin Group brands.
Advertisements
Advertisements
