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MRF Tyres Tiruchi plant to begin commercial production shortly
MRF Tyres DGM Rajat N Nangia said the firm was continuously improving capacity. The MRF Tiruchi plant was its seventh production facility. The plant will be making car and truck tyres and radials. He also spoke about the reduced growth of the auto sector. He is expecting growth in car sales could ease by more than 20 per cent this fiscal year.
MRF Tyres is set to increase prices of its products due to the increased commodity costs and input costs. The price hike could be between 5 and 10 per cent. Mr Nangia also stated MRF was in a process to raise Rs. 500 crore ($110 million) through bonds.
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