GustaveJohnson - China Automobile Expert-CNAUTO

Reuters. Group Chief Executive Florent Menegaux French tire giant Michelin is actively considering producing passenger car tires in India. Local manufacturing would help the Clermont-Ferrand-based tire giant expand its presence in India. India has suffered a severe recession due to import restrictions imposed by the government in 2020. The tire maker operates in 175 67 countries Currently, only a limited number of premium heavy-duty tires are sold in India, especially for performance-oriented models. In 2020, the government will restrict the import of some new pneumatic tires for cars, buses, trucks and motorcycles to promote domestic manufacturing. Now tire companies can only import a small number of tires into the country under a restricted import license. This was not possible in 2020 a year ago. Menegaux, in an interaction with PTI, said that the group sees India as a huge growth market. He pointed out that the company is keen on investing in the production of p...

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Michelin may soon produce passenger vehicle tyres in India