Bengaluru, NFAPost: Michelin in the Africa India & Middle East region will increase its tyre prices by up to 6% on passenger car, light truck and motorcycle replacement tyres as well as up to 8% on both on- and off-road commercial tyres due to increase of raw material cost, global transportation cost and prevailing market dynamics.
This increase is effective 18th June for India and 1st July for Middle East region and is applicable to all MICHELIN Group brands. Price changes may vary across specific products within each brand portfolio. Details will be presented to dealers, fleets, end-users and commercial equipment manufacturers by June 1st week.
Michelin, the leading mobility company, is dedicated to enhancing its clients’ mobility, sustainably; designing and distributing the most suitable tyres, services and solutions for its clients’ needs; providing digital services, maps and guides to help enrich trips and travels and make them unique experiences; and developing high-technology materials that serve a variety of industries.
Headquartered in Clermont-Ferrand, France, Michelin is present in 170 countries, has 123,600 employees and operates 71 tyre production facilities which together produced around 170 million tyres in 2020.