Michelin Raises India's Tire Price by 12%

On March 2, 2011, the headline article of the “India Times” published “The Michelin raised the price of Indian tires by up to 12%,” reporting that:

The French-based tire manufacturer Michelin announced on March 1, 2011 that it would increase the sales price of its entire series of tires in India by up to 12%. The current round of price adjustment will be on April 1, 2011. The formal entry into force was mainly due to the continuous increase in input costs.

The company said in a statement: "In the face of the continued acceleration of raw material costs, Michelin companies in Africa, India and the Middle East will adopt new pricing policies, and the full range of prices for products sold in Africa, India and the Middle East will be Was raised."

Michelin said that the price of tires for motorcycles, scooters and cars will increase by up to 8%, while the price of all truck tires and other accessories will be raised by 12%. In addition, the prices of agricultural vehicles, excavator tires, and anti-skid tires will be raised by a maximum of 7.5%, while the prices of bulldozers and industrial tires will be raised by about 6%.

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