Raw material price rise French Michelin tire prices in India

According to India's "Economic Times" reported on June 30, 2011: French tire brand Michelin has decided to increase tire prices by 4% since July 1, to cope with the second round of rubber prices this year. It is reported that this is Michelin's recent price increase for the second time. Last month, Michelin tires increased their prices by 4% due to rising costs caused by rising raw material import prices.

Michelin Kumar, sales manager of India, Michelin said: "This year natural rubber prices have more than doubled, while rubber accounts for 40% of import costs. The company's profits have been substantially reduced, so we have to adjust the price of tires." It is understood that in the past two During the year, the price of rubber rose from Rs 90 per kilogram (about 13 yuan) to 215 rupees (about 31 yuan).

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