MRF has reportedly increased its spending on research and development (R&D) by over 250% to around Rs 200 crore in FY17. By comparison, its R&D spending was Rs 54.9 crore in the 18 months between October 2014 and March 2016. The company has initiated several projects, including on developing low rolling resistance (RR) tyres.
MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles. Its product includes tyres, conveyor belts, pretreads, paints and coats. The company offers tyre shopping, tyredrome and tyre maintenance services. It also provides an institute for driver development.
