Speed bumps for tyre MNCs in India Global giants operating in India are evaluating if it makes economic sense to invest in a new plant, in light of the country's tyre import ban. Image: Alamy Michelin, a French multinational tyre manufacturing company, has had to curtail the import of passenger car radial tyres (PCR) to India. In a statement to Fortune India, Michelin India said that the government has recently issued it a limited import licence. Tyre importers require a licence or permission for imports following the government’s move in June 2020 to restrict import of tyres used for cars, buses, trucks, and motorcycles, including radials and tubeless ones.