MICHELIN ANNOUNCES PRICE INCREASE IN THE AFRICA, INDIA & MIDDLE EAST REGION
Michelin in the Africa India & Middle East region will increase its tyre prices by up to 6 percent 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.