Michelin to Double Truck Tire Production in India

Michelin & Cie. says it will double output of truck tires in India to 30,000 metric tons by the end of 2018.

The company’s 3-year-old factory north of Chennai produces all the truck tires Michelin sells in India. That output represents 70% of the brand’s entire sales volume.

Michelin India currently imports passenger tires. But the unit says it aims to establish 100% local production for all its tires by the end of 2019. The company’s annual sales have grown by an average of at least 50% in the past few years.