The company has introduced its premium road range, mountain bike range and city trekking range as it looks to tap the potential in India, Michelin said in a statement.
Michelin Asia, Africa and Middle East Commercial Director (Two Wheels) Pradeep G Thampy said: "The premium bicycle market has witnessed significant growth in recent times. Industry analysts estimate this segment to grow between 25-30 per cent annually."
The newly launched range has something for every kind of cycling enthusiast the pro, the daily user and the adventure seeker, he added.
Michelin's tyre range in India includes passenger cars, truck and bus, two-wheeler and OTR (Off the Road) vehicles. The plant in Chennai produces radial truck and bus tyres.
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