Michelin tyres to get expensive by 8 percent from March 2021 onward
Joining the bandwagon of automobile manufacturers, who have either already increased the prices or are planning to do so, French tyre manufacturer Michelin has announced a hike in its tyre prices sold in the Africa, India and Middle East regions. The company confirms that the prices will be increased by 8 per cent across segments in all these regions. Justifying the decision to do so, Michelin states, "This price revision addresses the increase of raw material cost, natural rubber, in particular, global transportation cost and other market factors"
The increased prices will reflect from March 2021 onward, confirms the tyre manufacturer, which will be applicable to all Michelin Group brands. Headquartered in Clermont-Ferrand, France, Michelin is present in 170 countries, has more than 127,000 employees and operates 69 tire production facilities which together produced around 200 million tyres in 2019.
Related Stories
Top Stories
Latest Videos
Most Popular
- Want A New Car Without Hassles? Maruti Suzuki Subscribe Has Got You Covered!
- No Down Payments, No Hassles! 5 Great Advantages Of Maruti Suzuki Subscribe
- Vehicle Scrappage Policy - the complete picture - all you need to know
- IMOTY 2021: The Royal Enfield Meteor 350 is the Indian Motorcycle of the Year 2021
- Aston Martin plans to electrify 90 per cent of line-up by 2030