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Friday, 8 July 2011

French tyre maker Michelin to roll out India-made tyres by November 2012

The tyre market in India was at loggerheads with natural rubber price fluctuation and the duty on the import of raw materials through out last year and now though the issue has settled down, the increasing cost of operations has forced tyre makers rise the prices. In the midst of this it has been reported that the French-tyre major Michelin Tyres plans to roll out its first tyre from the Rs 4,000-crore facility being built near Chennai, in November 2012.Vcommindia News
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