Michelin Japan to Increase Prices

Following news that it is raising the price of replacement truck and bus tyre prices in Europe, Michelin has announced its intention to raise the price of winter tyres for cars and trucks in Japan as of April 2, in response to company concerns over material costs.

Michelin has stated “Productivity improvements and cost reduction efforts alone are not enough to keep absorbing this cost increase.”

Passenger car and light commercial winter tyre prices will increase by an average of 5½ per cent, while truck and bus tyre prices will go up by 8 per cent.