Michelin India Tyres Pvt Ltd Risk Report

⚖️ legal & regulatory

The company is facing increased challenges from regulatory and trade restrictions impacting their operations. These restrictions can disrupt the import of essential materials or products, affecting the company's ability to meet market demand and revenue targets. Both current and potential regulations could lead to significant operational and financial modifications.

• Michelin India faced tyre import restrictions imposed by the government, leading to supply disruptions 🗓 October 10, 2024.
• Initial issues with tyre supply restrictions were noted as early as 🗓 January 27, 2021.

🏗️ operational & business continuity

Michelin India is making substantial strides in its operational capacity by establishing new facilities for premium passenger car tyre production. This expansion is not only expected to boost production but also to enhance Michelin's footprint in the Indian market. However, it comes against a backdrop of supply chain challenges due to import restrictions, demanding efficient production scaling.

• Michelin India planned a significant ₹564 crore push to manufacture premium car tyres in Chennai 🗓 September 20, 2024.
• The foundation stone for the Tamil Nadu plant was laid, marking the beginning of a major operational expansion 🗓 September 21, 2024.
• Michelin began launching made-in-India passenger vehicle tyres from the Chennai plant, marking a pivotal point in reducing import dependency 🗓 March 31, 2025.

📜 innovation & r&d

Michelin India is leveraging innovative strategies and collaborations to enhance sustainability and operational efficiency. Partnerships aimed at utilizing cleaner energy sources highlight Michelin’s commitment to reducing carbon emissions and operational costs while maintaining production capacity. This aligns with global trends towards sustainable industrial practices.

• Michelin partnered with CleanMax to provide 11MW solar power for the Chennai factory 🗓 June 21, 2023.
• The company initiated an increase in renewable energy use to 37% at its Tamil Nadu plant by joining forces with a clean energy solutions provider 🗓 June 22, 2023.