Michelin Announces Price Increase In Africa, India And Middle East Region
Michelin in the Africa India & Middle East region will increase its tyre prices by 2 percent across the commercial light truck, truck and bus segments and by 2.5 percent in passenger car segment (with up to 4% increase in SUV segment).
This price revision addresses an increase in the cost of raw materials, such as natural rubber, and other market factors.
This increase is effective September 2019 and is applicable to all MICHELIN Group brands
Michelin, the leading mobility company, is dedicated to enhancing its clients’ mobility, sustainably; designing and distributing the most suitable tires, 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 more than 125,000 employees and operates 67 tire production facilities which together produced around 190 million tires in 2018. (www.michelin.com)