Tyre major Michelin has laid the foundation stone for a new manufacturing facility in Tiruvallur district, Tamil Nadu on 21 September, 2024. The plant will be expanded with an investment of Rs 563.67 crore to produce passenger car tyres.
Minister for Industries TRB Rajaa took part in the ceremony and stated that this decision reflects Michelin's trust in the state and its government under Chief Minister M K Stalin. The facility is to be built on Industry 5.0 principles and advanced sustainability practices. This marks its next phase of manufacturing expansion in India.
This brownfield investment will establish a cutting-edge passenger car radial (PCR) tyre facility at its existing site near Chennai, led by a demand amid a surge in SUV sales across India.