Hankook, Pirelli Increasing Prices
Hankook Tire America Corp. and Pirelli North America has joined the list of tiremakers announcing pricing increases.
Hankook increase prices up to 8% on passenger, light truck, and commercial products. The changes will vary depending on specific product lines. The change in price will take effect on April 1.
“As a company we are very dedicated to ensuring our customers are receiving our best at the most affordable prices,” the tiremaker said
Also effective April 1, Pirelli will increase prices up to 9% on its complete line of passenger and light truck products.
Both tiremakers cited the rise in raw material cost as a contributing factor to the price increase.