Posted in: Auto Wheels News

Actively considering production of passenger vehicle tyres in India, says Michelin CEO – Economic Times

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A conducive domestic policy environment and the government’s focus on structural reforms have kept India’s economic activity robust, finance minister Nirmala Sitharaman said.
The price difference between battery-powered and fossil fuel-run passenger vehicles is narrowing fast, which industry executives expect will push more Indians to choose the greener option when they buy cars and SUVs.
Private lender HDFC Bank on Saturday reported a 19.8% rise in its March quarter net profit to ₹12,047 crore on the back of strong credit growth and lower provisions. Analysts polled by Bloomberg had estimated a net profit of ₹12,137 crore for the quarter.
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