Global tyre major Michelin Group will set up its maiden tyre manufacturing plant in India at Thervoy Kandigai, 50 km north of Chennai in Thiruvallur district, Tamil Nadu. The tyre major has committed to invest Rs 4,000 crore in the plant that will be spread over an area of 290 acres and will absorb 1,500 workers locally.
The manufacturing facility will focus on a range of radial truck/bus tyres. The plant will start operations in 2012 and will focus on the growing Indian market.
