Michelin raising tyre prices by up to 8%

Raw material costs for tyre makers are going up, and Michelin is the latest manufacturer to respond by announcing price increases for the European market. Prices will rise by up to eight per cent, depending on product, and will be applied to Michelin’s car, light commercial, truck, earthmover, agricultural and two-wheel segments. The new pricing will be implemented by the end of April.

Today’s announcement of price rises for Europe follows the decision to implement similar increases for Michelin products in North America.

Michelin adds that, depending upon the development of raw material costs, its products’ future price positioning may be reviewed and adjusted.