Michelin India plans new manufacturing facility to make passenger automobile tyres

Michelin India President – Africa, India and Center East Gaganjot Singh, Managing Director-India Shantanu Deshpande and Govt Director Florent Chaussade announce growth plans.

Michelin India introduced its foray into the passenger automobile radial tyres phase with the organising of a ₹564 crore brownfield venture in Threvoykandigai close to Chennai.

“The muse stone laying ceremony will happen on September 21 within the present premises that already has some land and buildings,” mentioned its President – Africa, India and Center East Gaganjot Singh throughout an interplay.

Rising disposal revenue, rising high quality infrastructure and premiumisation of automobile parc are the principle purpose for the tyre main to additional put money into India because it supplied an awesome alternative, he mentioned.

“The growth aligns with Michelin in Movement 2030 sustainable progress and manufacturing technique of manufacturing nearer to the market, the place we make our gross sales, to enhance product availability and customer support,” he mentioned.

Michelin India Govt Director Florent Chaussade mentioned that they’re planning to rent 200 individuals. The primary batch of passenger automobile tyres will likely be rolled out by Q3 of 2025.

Requested concerning the manufacturing particulars, he mentioned that the plant will likely be designed with scalability in thoughts, enabling flexibility for future expansions or modifications to fulfill evolving enterprise wants and market calls for.

The French tyre main, which has been in operation since 2014, yearly produces 49,000 tonnes of truck and bus radial tyres for the home and export markets. In addition to, it caters to the wants of Indian defence mobility OEMs and substitute market. Two wheeler tyres are produced by a companion.

“The brand new plant could have the Michelin know-how, automation and means of 5.0 representing probably the most fashionable Michelin services on this planet. The manufacturing facility will really mirror Michelin’s 3P technique of individuals, revenue and planet,” mentioned MD-India Shantanu Deshpande.

“Until date, we have now invested over ₹2,840 crore within the Chennai plant. The TBR tyres are exported to Europe, Center East, Africa and North American nations,” he mentioned.