In response to continued escalating raw material costs, Bridgestone Americas Inc. is announcing it will increase prices by 8% on Firestone brand truck and bus radial tires sold in the U.S. and Canada, effective May 1.
Bridgestone Americas Inc. will raise prices on select Bridgestone and Firestone brand passenger and light truck tires up to 8% in the United States and Canada due to "increased business costs and other market dynamics."
Apollo Tyres Ltd. is the latest tire manufacturer to announce a price increase. The company will raise prices on its Vredestein brand consumer tires up to 5%, effective March 1, "including adjustments at the article and pattern level."
Michelin North America, Inc., has announced price increases up to 5% on select Michelin and BFGoodrich brand passenger and light truck tires, as well as on select commercial truck tires, "due to changing business dynamics of the U.S. market."