MRF to expand its production facility in Andhra Pradesh

The tyre maker is planning to invest Rs 1000 crore.

Tyre manufacturers might not enjoy as much glamour as carmakers do, especially with new launches and swanky advertisements but it has to be said that tyres are one of the most important components in an automobile.

MRF, one of the front runners in the tyre industry has decided to invest Rs 1000 crore in its plant near Hyderabad. The amount will be used to double its plant’s current capacity. This, apart from increasing the production, will provide employment for over 1,000 people.

Madras Rubber Factory or MRF as we call it has a total of eight production plants in India and this investment is a move in the right direction.