Rising demand for radial tires Michelin intends to expand production in India

According to foreign media reports, thanks to the growth in demand for radial tires , Michelin recently announced that it will expand production at the Chennai plant in India.

Rising demand for radial tires Michelin intends to expand production in India

The Michelin Chennai plant covers an area of ​​290 acres and was put into operation last year to produce truck radial tires. At present, Michelin's share of the radial tire market in India is between 12% and 15%. It plans to increase the production of radial tires at the Chennai plant by 45% from the current 11,000 tons to 16,000 tons this year.

According to Noir Bouhassoun, president of Michelin Africa, India and the Middle East, “We have invested 40 billion rupees (about 630 million U.S. dollars) to expand tire production in the Indian market with a goal of 14% growth.”

Earlier, Michelin has launched tireless radial tires that are specifically designed for Indian roads and weather conditions. Mohan Kumar, head of the Michelin Commercial Vehicle Tire business, pointed out: “Although we are negotiating with the passenger vehicle manufacturer about tire supply, we still focus on the commercial vehicle tire market.”

At the end of 2014, Michelin had announced that it would set up an R&D center in India to develop truck tires for the Asian market. The new R&D center is located in Gurgaon, near New Delhi. Michelin has not disclosed the exact scale of the investment. It only stated that it has started recruiting engineers locally.

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