Toyo to raise passenger car and light truck tyre prices in Japan
From 1 April Toyo Tire & Rubber Co. Ltd will increase the price of tyres for passenger cars and light trucks sold in the Japanese domestic replacement market by an average of 7 per cent. Despite the fact the price hike takes effect on April fool’s day, the increase is not joke and applies to both Toyo’s summer and winter tyres. In fact the cost of some size of light truck tyres will rise sooner, with their Japanese domestic market price increase scheduled to take effect on 1 March 2011.