CHENNAI: French tyre-maker Michelin's upcoming India plant in Chennai will roll out its first tyre in November 2012. The company plans to produce three lakh radial truck tyres in the first year of operations, and cater to the domestic market, a top official said.
Michelin is setting up a manufacturing unit at Thervoy Khaidigia industrial area in Tiruvallur district, near Chennai, and would be investing Rs 4,000 crore over a seven-year period.
"The plant capacity would be 20 lakh radial truck tyres. It would provide direct employment to 1,500 people," said Nicolas Beaumont, Managing Director, Michelin India, who addressed the media here on Wednesday.
He noted that radialisation in the truck and bus segment was 14.5% in 2010, which could go up to 50% in 2020.
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