Michelin wants to manufacture passenger vehicle tires in India
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Queneo: Florent Menegaux, Group Chief Executive Officer (CEO) of French tire major Michelin, says that he is actively considering production of passenger vehicle tires in India. Manufacturing tires locally will help the tire company Will help in expanding our operations in India. The company’s operations here have been limited after the government banned imports in 2020. The tire maker company has 67 plants and does business in 175 countries. The company currently sells only premium large size tyres, exclusively used in India.
The government had banned the import of special new tires used in motor cars, buses, lorries and motorcycles in 2020 to boost domestic manufacturing. Tire companies can now import only a limited number of tires into the country under limited import licences. Can import, while it was not so before 2020. Talking to the media, Menegox said that the group sees India as a promising growth market.
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