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04. May 2006

INDIA: Michelin launches new range of tyres

Source: Daily "The Hindu Business Line", New Delhi; 4 May 2006

New Delhi , May 3
Tyre manufacturer Michelin on Wednesday launched its
new range of tyres — Energy XM 1 — in the country for
the mid-size car segment.

The tyres last longer and offer better fuel economy,
according to the company.

"The Energy XM1 range of tyres has been developed
using the Green "X" silica-based compound, which not
only reduces the rolling resistance, resulting in
lower fuel consumption, but also helps in replacing
carbon black, which is a fossil fuel derivative," said
Mr Herve Dub, Chief Executive Officer, Michelin India.

The tyres also offer improved wet grip and dry
handling capabilities, according to the company.

Chinese import

The tyres will be imported from China. The company
plans to set up its manufacturing facility in India
but no time-frame has been set for this. The
investment for the facility will be market driven,
said Mr Dub.

(Syed Rashid Ali, Karachi, Pakistan)

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