Michelin in the Africa, India and Middle East region will increase its tyre prices by up to 6% on passenger car, light truck, and motorcycle replacement tyres.
It will also hike prices up to 8% on both on- and off-road commercial tyres due to surge of raw material cost, global transportation cost and prevailing market dynamics, it revealed.
This increase is effective from 1 July for the Middle East and is applicable to all Michelin Group brands.