Michelin to build tyre factory in India - sometime

New Delhi, India - Michelin's senior executive in India has confirmed that the company intends to make tyres in the country, but declined to put any timescale on the plans.

Herve Dub, ceo of Michelin India was answering questions from reporters at the launch of the company's Michelin Energy XM1 for the mid-size car segment.

Dub was quoted in Indian newspapers saying, We have plans of setting up a manufacturing facility in India to make tyres for buses, trucks and passenger cars and are closely watching the growth of this market. Our decision to set up a base here will be completely market driven. There are no changes to our initial plans,”

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Source1 (Origin) story

Michelin to make tyres locally Telegraph (India)

Tyre giant Michelin plans own unit in India Financial Express (India)

Michelin plans facility in India Sify (India)

Michelin plans production facility in India NewIndPress (India)