MRF Signs MoU with Tamil Nadu for Rs 5,300 Crore Tyre Plant in Sivaganga

MRF has signed a non-binding Memorandum of Understanding with the Tamil Nadu government to explore establishing a greenfield automotive tyre manufacturing facility at SIPCOT Industrial Park in Sivaganga district. The proposed project involves an estimated investment of about Rs 5,300 crore over 12 years and aims to generate around 1,000 direct jobs. The agreement is subject to approvals including a customized incentive package, land allocation, and statutory clearances. MRF also reported a 15% increase in consolidated income and a net profit rise to Rs 692 crore for the quarter ending December 2025.