Tyre maker MRF is looking for locations outside South India to build new tyre factories.
Koshy K Varghese, executive vice-president — marketing, MRF said to Business Satndard, “We look at options outside the South wherever opportunities throw up. Gujarat could be one of them.”
We need to look at long term. We should not say, the market is down, so let’s not invest. We have kept investing. We will look at options. Gujarat is one of the options,” Varghese added.
The company hasn’t confirmed any specific location yet, but said they are considering locations in India and other ASEAN countries. MRF has nine plants in India, most of them are located in the South Indian region.