MRF has signed a Memorandum of Understanding (MoU) with Government of Tamil Nadu in connection with Global Investors Meet (GIM), expressing its in-principle intention to invest a sum of Rs 3100 crore, over a ten year period, in a phased manner, in its existing locations at Perambalur, Arkonam and Tiruvottiyur, Chennai (within the State of Tamil Nadu) for manufacture of automotive tyres, tubes and flaps.
MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles. The company offers tyre shopping, tyredrome and tyre maintenance services. It also provides an institute for driver development.