Apollo to raise prices on Vredestein OTR, PLT tires
Apollo to raise prices on Vredestein OTR, PLT tires
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ATLANTA Apollo Tyres Ltd. plans to increase prices in the coming months on selected Vredestein-branded products in the U.S. and Canada by up to 8%.
The increase the second so far in 2021 will take effect for off-the-road product lines on June 1 and for passenger and light-truck tire lines on July 1. The tire maker said inline adjustments also will be made on a per size basis. This increase has been driven by multiple factors, including increased costs on sea freight, transportation (and) raw materials, in addition to other market factors, Abhishek Bisht, assistant vice president, Americas, said.
Apollo to raise prices of Vredestein brand tires
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ATLANTA Apollo Tyres Ltd. said it will increase prices on its Vredestein brand up to 5 percent, effective March 1, including adjustments at article and pattern level.
Apollo said the price hike reflects increases in raw material cost and in global ocean freight rates. We continue our resolve in building the Vredestein brand in the U.S and Canada by providing best-in-class products from our global manufacturing facilities, Abhishek Bisht, Vredestein s assistant vice president for the Americas, said. The Vredestein brand continues to be attractively positioned and a key contributor to our channel partners profitability.