Since 2009, French tyre major Michelin has been manufacturing tyres for trucks and buses from the Chennai factory. On Tuesday, it rolled out first Made in India passenger car tyre from the plant. India, the fastest growing market, is critical market for Michelin with opportunities for the next 10-15 years, said Vitor Silva, President, Africa, India & Middle East, Michelin. “We are also looking at increasing sourcing from India to the company’s other plants globally,” he added.

Where does India stand as a market for the tyre industry?

If you look into the world’s geographies, you don’t have many markets where you are going to have growth in the next 10-15 years. North America, Europe, and some parts of Asia are mostly mature markets, though, so growth opportunities are very small. India i

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