Federal and Hero Prices up 5%

The Federal Hero tyre brands will cost 5 per cent more from next month. According to the company the price increase, effective on April orders, is designed to counter higher raw materials and energy costs and will be applied to all categories produced in both Taiwan and China. Taiwan based manufacturer, Federal Tyres joins the likes of Bridgestone, Goodyear, Continental, Michelin, Cooper, Pirelli, Yokohama, Nankang and others in raising tyre prices citing raw material price increases.