MRF has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to invest not less than Rs 4,500 crore in its plants at Perambalur and Arakonam in Tamil Nadu over a period of 7 years.
MRF is India’s No.1 tyre manufacturing company with a turnover of Rs 14,000 crore. Currently, the company exports tyres to over 80 countries including America, Europe, Middle East, Japan, and the Pacific region. The overseas market contributes to 10-12% of the company's turnover at present.