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MRF to build ₹5,300 crore greenfield tyre plant in Tamil Nadu, creating 1,000 jobs, after signing MoU.
MRF has signed a non-binding MoU with Tamil Nadu to build a ₹5,300 crore greenfield tyre plant in Sivaganga’s SIPCOT Industrial Park, pending government approvals and incentives.
The project, expected to create around 1,000 jobs, aims to boost manufacturing in southern India.
In its Q3 2025 results, MRF reported a 15% rise in total income to ₹8,175 crores and net profit more than doubled to ₹692 crores, driven by strong demand in OE and replacement markets, lower GST, and higher OEM production.
The company sees growth potential in exports through ongoing trade talks with the EU and U.S.
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MRF construirá una planta de neumáticos de campo verde de Rs 5,300 crore en Tamil Nadu, creando 1,000 empleos, después de la firma del MoU.