Michelin agents serve all major market segments, including passenger cars and two-wheelers. French tire giant Michelin on Tuesday said it will increase the prices of its tires in India by 8 percent from next month to offset rising investment costs. Tire prices in Africa, India and the Middle East will rise by up to 8%, Michelin said in a statement. The price adjustments address the issue of rising tire prices. Tire makers increase the cost of raw materials, particularly natural rubber costs, global transportation costs and other market factors. “The price increase will take effect every month in March 2021 and will apply to all Michelin Group brands.” /p Michelin serves all major market segments across the country, including passenger cars, two-wheelers and commercial vehicles. Headquartered in Clermont-Ferrand, France, Michelin employs more than 12,000 people, operates 69 tire manufacturing plants in 170 countries, and in 2019 produced about 200 million tires.

Kolkata: Bharatiya Janata Party (BJP) MP and Standing Committee Chairman Chandan Mitra told a press conference on Monday that Dunlop India can no longer be in power. “If it had happened earlier, this would have been a proper case of acquisition. These machines are now useless. The investment required to run them is risky for the state and even the central government,” Mitra quelled speculation last week. The central government may take over the company. Mitra said the 31-member parliamentary committee basically tried to study the potential and situation of the rubber and tire industry. For this purpose, the committee visited Kolkata case and toured the Indian rubber and tire industry. Dunlop India factory is located in Hooghly district. During the visit, the committee held discussions with the company management and trade unions. The management, including the plant’s CFO, attended the meeting, but Chairman Pawan Ruia was not present. “We were expecting h...

NEW DELHI: Apollo Tyres today announced the expansion of its presence in Malaysia, the third largest automotive market in ASEAN. The company already has operations in Thailand and Indonesia. Satish Sharma, president, Asia Pacific, Middle East and Africa, Apollo Tyres “We have been steadily expanding the Malaysian market over the last two to three years as it is a key market for our growth.” The statement said. He added that the company’s product portfolio is well suited to the needs of Malaysian consumers and with the support of key distribution and retail partners in Malaysia, Apollo Tyres has been able to penetrate most of the major tire replacement segments. Sharma “Now that we have established a strong base in Malaysia, we believe that now is the best time for us to focus on this market by establishing Tires Malaysia subsidiary through the establishment of Apolloolo.” Apollo Tires is increasingly focusing on expanding its presence in Southeast Asi...