Michelin Tyres To Get Costlier By 4% From Sept

Published On 2019-08-13 16:13:29By Anand Priyadarshi 742 views

Michelin Latitude Sport 3

Tyre maker Michelin announced that it will raise the prices of its tyres by 2%-4% on account of high input cost. It said that the increased price will be applicable to all the commercial light truck, truck and bus segment in the Africa, India & Middle East region.

The company has also planned a 2.5% hike in the passenger car segment as well. The highest hike, however, will be in the SUV segment – up to 4%.  Looking at the recent trends in India people are inclined toward buying SUVs and as a result tyres like Michelin LXT Force and Latitude Sport 3 are always in demand.

The company also stated that the price revision “addresses an increase in the cost of raw materials, such as natural rubber, and other market factors,” and will be effective from September 2019. Increased prices will be reflective of all Michelin Group brands.

Prices of Indian rubber sheet stands at Rs 145 per kg, which is Rs 40 higher than the sheet variety in the foreign market. Besides, heavy rains have affected tapping in Kerala which has caused a shortage of supply.

You Might Also Be Interested In

Latest Tyres

  • Car
  • Bike
  • Dunlop AT 20 Grand Trek
    Dunlop AT 20 Grand Trek
    265/65 R17 110STubeless
    Rs14,699
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Firestone FR500
    Firestone FR500
    185/65 R14 86HTubeless
    Rs3,491
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • UltraMile UM 551
    UltraMile UM 551
    165/80 R14 85TTubeless
    Rs3,505
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Bridgestone B290
    Bridgestone B290
    155/65 R12 77TTube
    Rs2,985
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • CEAT CZAR A/T
    CEAT CZAR A/T
    265/65 R17 12STubeless
    Rs10,380
    • iconDry Grip
    • iconWet Grip
    • iconHandling
    Contact Dealer
  • Apollo Amazer 3G
    Apollo Amazer 3G
    145/70 R12 69TNA
    Rs2,800
    • iconFuel efficient
    • iconDry Grip
    Contact Dealer
  • Birla BT 444
    Birla BT 444
    5.65 R12 6PRTube
    Rs2,000
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Pirelli P7
    Pirelli P7
    225/50 R17 94WNA
    Rs10,505
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer

Best Tyres

  • Car
  • Bike
  • CEAT SecuraDrive
    CEAT SecuraDrive
    Tubeless
    Rs4,445
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • MRF ZLX
    MRF ZLX
    Tubeless
    Rs2,495
    • iconWet Grip
    • iconDry Grip
    Contact Dealer
  • JK Vectra
    JK Vectra
    Tubeless
    Rs2,400
    • iconWet Grip
    • iconDry Grip
    • iconHandling
    • iconLow noise
    Contact Dealer
  • JK Taximax
    JK Taximax
    Tubeless
    Rs2,800
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • MRF ZVTV
    MRF ZVTV
    Tubeless
    Rs7,325
    • iconWet Grip
    • iconDry Grip
    Contact Dealer
×
Which is your city ?