India’s largest automotive tyre manufacturer MRF Ltd has expanded its range of products to include super-premium high-end cars such as Audi and BMW.
The new range of tubeless radial tyres from the company that touched a turnover of Rs 10,000 crore in a fiscal year recently, can be fitted on more than 35 models of both domestic and imported cars in India.
“The new tyres were made of advanced polymer compound with stable ring construction to enhance customers’ confidence in high speed driving,” said Koshy K Varghese, executive vice-president, marketing, MRF.
As part of its expansion plans, the company is setting up a new plant in Tamil Nadu with an investment of Rs 800 that will be operational next year. Besides, MRF is also looking to acquire companies or rubber plantations overseas to offset the high cost of imported raw material.
“We have not come across anything yet but will prefer acquisitions abroad than the usual organic path,” said Koshy.