Chennai: The foundation stone laying ceremony for the manufacturing facility of tyre major Michelin, was held near here on Saturday, Minister for Industries TRB Rajaa said.

Michelin has laid the foundation stone for an advanced manufacturing facility in Tiruvallur, Tamil Nadu, with an investment of Rs 563.67 crore. This plant will utilize Industry 5.0 principles, including AI and automation,

"India is a very big market and (there are) many Indias within India," Gaganjot Singh, president and managing director - Africa, India and Middle East at Michelin, said. "We cater to the premium segment (and) we believe that we are achieving a critical mass in the premium segment,

CHENNAI: French tyre maker Michelin is foraying into production of premium passenger car tyres in India. The company will invest Rs 564 crore for the expansion of its plant in Gummidipoondi near Chennai which is its lone manufacturing facility in the country.