Tyre manufacturer MRF is looking to expand capacity of its plants in India. The company has 10 plants at present in India. The company is also expecting a growth in exports. Moreover, the company would look at having foreign facilities in future.
The company’s net profit for the quarter increased marginally 1.29% at Rs 230.22 crore as compared to Rs 227.28 crore for the quarter ended June 30, 2013. Its total income increased 9.71% to Rs 3357.03 crore for the quarter under review from Rs 3060.04 crore for the corresponding quarter of the previous year.
MRF (Madras Rubber Factory) is India’s No.1 tyre manufacturing company. Currently, the company exports tyres to over 65 countries including America, Europe, Middle East, Japan, and the Pacific region.
