Goodyear tires in America kicks off price increase plans from September 1 , 2018.
Tyre Times had indicated two weeks back that there will be an upward movement in prices of tires read more , that is turning into a correct prediction soon.
Goodyear Tire and Rubber has announced that they will raise the prices across certain tyre segments from September 1 , 2018.
Rising costs of raw materials and weakening currencies in certain markets is affecting the company’s manufacturing and operational costs.
The increase would be upto 3 % and this will be for Goodyear products being sold in USA only , at present.
Sales for the quarter ended June 2018 have shown an increase of 4 % at US$ 3.8 billion.
In unit terms the sales stood at 39 million units and replacement tyre sales rose by 5% while OE sales improved by 3 %.
Let us wait and watch what happens in India.