By Denna Bowman
Michelin is seriously considering setting up a second tyres plant in India to capitalise on the growing passenger vehicle market.
The French tyres manufacturer is likely to consider the success of its upcoming plant for commercial vehicles in Tamil Nadu before committing to another factory within the next two to three years.
Michael Rollier, managing general partner of Michelin, made the pronouncement at Challenge Bibendum, the company’s annual flagship event.
He said: “We may look at a passenger car plant as well. But it will take at least two years after setting up of the commercial vehicle plant.”
Michelin owns 103 acres of land in Pune and has also acquired 250 acres of land in Tamil Nadu.
The second plant is based in Ranjangaon, though the company refused to say whether the same would be used to set up the passenger vehicle facility.
A spokesman said: “At present the focus is on the truck and the bus market in India. We will continue to import tyres for passenger cars through our dealer network.”