Michelin clarifies it is not suspending supply of four-wheeler tyres in India Updated Jan 22, 2021 | 12:21 IST
The Directorate General of Foreign Trade s move to put tyres under restricted category, which meant tyre importers now needed a license to continue importing tyres. Michelin clarifies it is not suspending supply of four-wheeler tyres in India
Remember we told you just yesterday that Michelin had put the imports of four-wheeler tyres in India on hold? From what we knew, the French tyre manufacturer s decision followed the Directorate General of Foreign Trade s move to put tyres under restricted category, which meant tyre importers, including Michelin India, now needed a license to continue importing tyres. However, the company has clarified that it has NOT suspended imports of tyres; it has, as a matter of fact, obtained a limited import license. Michelin India will use this licence to also import passenger car tyres in order to tend to the hig