*NEWS REPORT ON AVAILABILITY OF MICHELIN PASSENGER CAR TYRES IN INDIA

Owing to the ongoing import restrictions for tyres we have experienced supply shortages recently.

For Michelin India, Government of India has recently issued a limited import license, which will also be utilized for importing passenger car tyres to address very high demand for our tyres in a restricted manner for the time being.

Consequently, to streamline our supply chain in the current situation, Michelin India has decided to prioritize selling of these limited stocks only through its priority partners currently, who has equally invested in expanding our distribution footprint in the country.

Michelin is committed to the Indian market and continues to significantly invest in Government of India’s ‘Make in India’ priorities through its Greenfield manufacturing plant for Truck and Bus radial Tyres in Chennai and a state of the art innovation hub in Pune.

We continue to work with Government of India to address this issue and are hopeful of an early resolution.

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