TOKYO, Nov 30 (Reuters) - French tyre maker Michelin said on Wednesday it would increase its tyre prices in Japan from Feb. 1 to offset rising raw material prices, following a similar announcement a day earlier in North America.
Prices of tyres for passenger cars and light trucks will rise an average 5 percent on the Michelin and BF Goodrich brands, while those for trucks and buses will increase 7 percent, it said in a statement.
Michelin does not provide sales or market share data on individual countries. Last year, it sold 86 percent of its tyres in Europe and North America.
Japan's top tyre maker, Bridgestone Corp. , also announced domestic price increases at the same level two weeks ago, in line with similar moves in the sector globally.
Michelin said it would make a separate announcement on the scope of price rises for winter tyres in Japan.