Which is the No 1 tyre company in India?
Market leader: as the top tyre company in india, mrf has maintained its dominance in both the passenger and commercial vehicle segments. Its products are known for their durability, high performance, and exceptional quality. Mrf, or mrf tyres, is an indian multinational tyre manufacturing company and the largest manufacturer of tyres in india.What is the Full Form of MRF? MRF full name is Madras Rubber Factory. It is a privately owned company and perhaps the biggest Tyre manufacturing company based in India. MRF Company is headquartered in Chennai, India and is into the production of all types of tyres, most particularly vehicle tyres, treads, tubes etc.Rahul Mammen. Rahul Mammen Mappillai is the Managing Director (C. E. O) of MRF Ltd, India’s largest tyre manufacturer with revenues of US$ 3. Billion and market capitalisation of US$ 7. Billion. The company was founded by his grandfather – the late Mr. K. M Mammen Mappillai.MRF Tyres Salary FAQs Among the roles with sufficient data, Plant Head is the highest paying role typically earning ₹63. Lakhs to ₹92. Lakhs per year. The top 10% of employees reported earning more than ₹12. Lakhs per year, and the top 1% more than ₹39. Lakhs per year.
What is the profit margin on tyres in India?
The investment ranges between ₹20 lakh-50 lakh, but the profit margins are set in between 8-15%; a lucrative business option indeed. If you are searching for a settled business area attracting huge demand, then a tyre franchise in India is an ideal choice for 2025. The demand for tyres is increasing with growing automobile sales. Brands like MRF, Apollo, CEAT, JK, and Bridgestone give excellent opportunities for operation in terms of franchises. The investment ranges between ₹20 lakh-50 lakh, but the profit margins are set in between 8-15%; a lucrative business option indeed.
What is the GST rate on MRF Tyres?
As per the GST rules, a 28% tax is charged on pneumatic tyres for cars, bikes, etc. So, the GST that you will have to pay when purchasing such a tyre would be 28% of the base price. In case you are purchasing a tyre for a bicycle or rickshaw, the applicable GST rate is 5%. If tyres are purchased for business use, the GST paid on them can be claimed as a credit against the GST liability on sales. This helps reduce the overall tax burden, making the taxation process more efficient.