New Formulations From MRF Tyres

- Bhargav TS

Announcing a 2.65 per cent rise in the total income at Rs.4,060.93 crore against a total income of Rs.3,955.93 crore last year, MRF Ltd. is working on new formulations with special properties. Claimed to command a 24 per cent market share of the Indian tyre market with 95 per cent of the revenues coming from two wheeler, passenger vehicle and commercial vehicle tyres, the company is evaluating new generation materials to produce efficient tyres. It is also looking at increasing the production sustainability of tyres. Confident of growth in-line with the good sales performance of CVs in the last quarter, the company is expecting radialisation in CVs to continue. In heavy-duty commercial vehicles in India, radialisation is 38 per cent. In light-duty commercial vehicles, it is 40 per cent. To help OEMs to meet emission and other challenges, MRF is working closely with its suppliers to tap the latest developments when it comes to raw materials. The company is also initiating design process of a tyre by recording customer inputs. Working on the development of tyres that will enhance fuel efficiency, a 300 strong R&D and product development division of MRF are claimed to be working closely to achieve this goal. They are presenting the company with the strength and the feasibility to produce tyres from nano materials. According to KM Mammen, Chairman and Managing Director, MRF Ltd., nano materials are currently used in certain areas. Price is proving to be a challenge.