Michelin Tyres has inaugurated a new production line in Chennai that would take the company to double its plant capacity.
Speaking to reporters, Michelin Group, Chief Executive Officer, Jean-Dominique Senard, said, “We have inaugurated a new production. New tyres of Michelin will be produced that will help truck companies to save lot of fuel and energy.”
The company which had set up its facility at Thervoy Kandigai in Thiruvallur district near Chennai had invested about Rs 3,500 crore.
The new production would serve the increase in demand for both replacement market and original equipment manufacturers in the country. He said that with the introduction of new production line, the total capacity of the factory will double by end of next year.
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