Apollo to Hike Vredestein Tire Prices
Apollo Tyres is raising the price of its Vredestein brand off-highway and passenger and light truck tires up to 8%. Off-highway tire prices will increase on June 1. Passenger and light truck tire prices will go up on July 1.
Inline adjustments will be made "on a per-size basis," according to Apollo officials.
"This increase has been driven by multiple factors, including increased costs on sea freight, transportation (and) raw materials, in addition to other market factors," says Abhishek Bisht, assistant vice president, Americas, Apollo.