Michelin India clarifies It Is Not Suspending Supply Of Passenger Car Tyres In India
Published On 22-Jan-2021 21:35:56
For Michelin India, Government of India has recently issued a limited import license, which will be utilized for importing passenger car tyres.
We recently covered a story on Michelin that it had put the imports of passenger car tyres in India on hold, based on a statement issued by the company.
Michelin India has now, issues a clarification stating that the sales of the passenger car tyres will remain unaffected.
In a statement regarding the matter, Michelin India said, "Owing to the ongoing import restrictions for tyres we have experienced supply shortages recently. For Michelin India, Government of India has recently issued a limited import license, which will also be utilized for importing passenger car tyres to address very high demand for our tyres in a restricted manner for the time being.”
“Consequently, to streamline our supply chain in the current situation, Michelin India has decided to prioritize selling of these limited stocks only through its priority partners currently, who has equally invested in expanding our distribution footprint in the country. Michelin is committed to the Indian market and continues to significantly invest in Government of India’s ‘Make in India’ priorities through its Greenfield manufacturing plant for Truck and Bus radial Tyres in Chennai and a state of the art innovation hub in Pune. We continue to work with Government of India to address this issue and are hopeful of an early resolution."
The government in June 2020, imposed a restriction on import of pneumatic tyres in the country. The Directorate General of Foreign Trade (DGFT), in a notification, placed tyres under restricted category, which meant tyre importers would now have to obtain a license or permission from the DGFT for imports.