Indian tyre market turned over £3.8b last year, states MRF
In its recently released annual report for the 2010-11 financial year, MRF Tyres estimates the entire Indian tyre industry’s annual turnover as being Rs 300,000 million (£3.8 billion), with exports accounting for Rs 36,000 (£455.8 million) of this. MRF states that during the year to the end of September 2011 an estimated 119.2 million tyres were produced in India by 39 tyre companies; the ten largest of these produced 95 per cent of this these.