Michelin CEO Jean-Dominique Senard believes that Michelin's strong growth in the first half of this year was mainly due to its extensive product portfolio solutions.
Michelin tires
Michelin sales data for the first half of the year
In the first half of 2015, Michelin car tires and light truck tires steadily increased in North America, China, and Western Europe, while in Eastern Europe, Brazil, and Thailand, there was a slight decline. In the heavy-duty truck market, biased tires and radial wheels showed a downward trend in the first and second quarters.
Michelin tire sales bar chart
Michelin semi-annual report pointed out that by the world's largest market - China's heavy truck market, Michelin in the global truck OE tire market fell 8%, in China, Michelin truck heavy trucks affected by price competition, but the replacement of the tire is better growth of.
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