Michelin India to double its tyre production with new Production Line
Published On 12-Oct-2017 21:05:51
“ Michelin India inaugurated a new production line at its Thiruvallur facility. This would double up Michelin's production capacity by 2018”
Michelin India, a subsidiary of Michelin Tyres, is looking at increasing its production capacity by 100% by the end of next year.
The new production line at the company's Thervoy Kandigai facility has been set up with an investment of Rs3,500 crores and would predominantly focus on producing tyres for heavy duty commercial vehicles. The product line up would see manufacturing of tyres which would help truck companies make considerable savings on fuel and energy.
Jean-Dominique Senard, CEO, Michelin Group, said, "We have inaugurated a new production line today. New tyres of Michelin will be produced that will help truck companies to save lot of fuel and energy”.
The new production line was inaugurated by France Ambassador to India, Mr. Alexandre Ziegler. He highlighted this expansion as a successful example of French companies actively contributing towards Make in India and Innovate in India, key focal areas initiated by Prime Minister Narendra Modi.
Michelin has seen a significant rise in demand of its products in replacement markets as well as for Original Equipment Manufacturers.
The current output of Chennai plant averages about 15,000 tonne tyres a year, which, Michelin believes, should get doubled by the end of 2018.
Mohan Kumar, Executive Vice-President & Member of Board, Michelin India, highlighted that the company would produce 30,000 tonne tyres for commercial vehicle segment by the end of 2018.
He said, "70 percent of produced here serves the Indian market. When we double the plant capacity by end of next year we will have a whole range of tyres".
The addition of new production line would also expand the employee base, thereby creating more jobs.