Michelin To Roll Out Locally-Produced PV Tyres

(France): French tyre major Michelin expects to roll out locally-produced passenger vehicle tyres from its Chennai facility this year with plans to progressively ramp up the product portfolio to cater to varied segments, according to a senior company executive. The Clermont-Ferrand based group, which has 86 tyre production sites across the globe, is investing Rs564 crore to set up manufacturing capacity for passenger vehicle tyres at its Chennai-based facility. "We want to bring a product that the Indian market needs.

That's our first commitment," Member of the Group Executive Committee and Executive VP Manufacturing Pierre-Louis Dubourdeau told PTI in an interaction. He noted that the group would first target big-sized vehicles including SUVs, allowing it to showcase its technological advanced product range.

"With the first tyre expected to roll out this year, we will progressively ramp up the portfolio because one product cannot cater to the market," Dubourdeau stated. He noted that the company would roll out products adapted to the Indian road conditions.