By Alex Kapadia
Prices for Dunlop, Falken, Sumitomo and Ohtsu tyres are set to increase by between 5 and 15 per cent from next month.
SRI (Sumitomo Rubber Industries) has cited the rising cost of raw materials, including natural rubber and crude oil, as the reason for the tyres price rise.
Most of the price increases will range from 5% to 10% depending on tyre category, size and market, and the maximum increase will be approximately 15%.
The rise in costs will apply to passenger car, light commercial vehicle, truck and motorcycle tyres and will take place in Europe, Asia, near and Middle East, North America, Central and South America, Africa and the Pacific nations.
SRI confirmed: “The tyre prices will be increased because the prices of tire materials, including natural rubber and crude oil, are going up and apt to surge again, and the company cannot absorb such additional costs by their own internal efforts.”