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Michelin To Hike Prices By Up To 8 Per Cent Across Tyre Range In India, Africa & Middle East Michelin To Hike Prices By Up To 8 Per Cent Across Tyre Range In India, Africa & Middle East The price hike has been attributed to the rising cost of raw materials, especially natural rubber, along with global transportation cost and other factors. 0 Views Highlights Michelin produces bus, truck and two-wheeler tyres in India Michelin is importing car tyres in limited stocks following restrictions French tyre maker Michelin has announced that it will be increasing prices up to eight per cent by up across all segments. The price hike will be applicable in several markets including Africa, India and the Middle East region, the company said in a statement. The tyre price revision is a result of the increase in the raw material cost especially that of natural rubber, along with the global transportation cost and other market factors. The price hike will b ....