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Goodyear tires in America kicks off price increase plans from September 1 , 2018.

Posted: August 22, 2018 at 8:32 am   /   by   /   comments (0)

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.

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