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MRF Tyres (Recent issue) The Chennai based tyre maker MRF has reported 73 per cent jump

in consolidated net profit to Rs 618.77 crore for the year ended September 30, 2011 as against a net profit of Rs 357.50 crore in the year-ago period. According to the reports, the consolidated net sales of the company for the year ending September 30 stood at Rs 9,743.98 crore, as against Rs 7,458.73 crore in the corresponding period of last fiscal. It was also mentioned that the companys board at its meeting held on Tuesday has recommended a final dividend of Rs 19 per share. MRF- Introduction MRF Limited (MRF) is a well known Indias No. 1, which was incorporated on 5th November 1960. The Company manufactures the largest range of tyres in India and is the market leader with the largest market share in almost every segment of the tyre industry, product portfolio of the company includes Tyres, Pretreads and Conveyor Belts. MRF has six manufacturing plants in India. It has a distribution network of over 2,500 outlets in India and also has overseas offices in United Arab Emirates, Bangladesh and Vietnam. Apart from the domestic, the company exports its products to over 75 countries worldwide. Apollo Tyres Ltd.-Introduction Apollo Tyres Ltd is engaged in manufacturing automobile tyres and tubes. They are having their manufacturing facilities at Trichur in Kerala and Vadodara in Gujarat. They are the first Indian tyre company to launch exclusive branded outlets for truck tyres and also the first Indian company to introduce radial tyres for the farm category
APOLLO TYRES Market share Apollo Tyres is one of India's leading tyre manufacturers and currently produces the entire range of automotive tyres for ultra and high speed passenger cars, truck and bus, farm, off-the-Road, industrial and specialty applications like mining, retreaded tyres and retreading material. It has market leadership in the

truck tyre replacement segment. In 2006, Apollo ventured outside India in its quest to test itself outside its home comforts and acquired Dunlop Tyres International Pty Ltd in South Africa and Zimbabwe. The company in May 2009 acquired a Dutch tyre company Vredestein Banden BV now christened Apollo Vredestein BV. The company holds brand rights for the Dunlop brand across 30 African countries.
MRF LTD Market share MRF is Indias largest tyre manufacturer, having over 24% market share. The company derives over 95% of its revenues from tyres, the rest comes from presence in toys and paints. This focus on tyres has enabled it to regularly increase capacities and maintain market leadership and profitability. MRF exports to over 75 countries. It has seven plants located mostly in the southern part of India.

Conclusion The Indian tyre industry is enjoying strong growth and will continue to do so in the near future on the back of several demand drivers that include the Countrys fast paced GDP growth, growth in the automobile industry, faster development of road infrastructure, increasing levels of radialisation as well as growing demand from the OTR segment. With radialisation still nascent, there is lot of scope in this area. Hence, to meet the increasing demand for tyres and the need to move towards radialisation, tyre companies are setting up manufacturing facilities. Global tyre leaders such as Michelin and Bridgestone are also eyeing India as a hub for radial tyres. Barring the price crimp in the raw material pipeline, the tyre industry looks perfectly poised to register impressive growth in the coming years.