AddressCustomer Care Phone Numbers and Contacts Submit a ComplaintCustomer satisfaction rating1%View Statistics01MRF Tyres related photos (59) Complaints with pictures are more trusted and informative View allMRF Tyres Customer Care related pictures (59) AllResolved MRF Tyres — Tube 145/80 R12 INS TUBE vsarul on Apr 1, 2017 Motorcycles & ScootersMRF Tyres — Leakage from joint bbarya on Apr 1 Motorcycles & ScootersMRF Tyres — Wheel alignment Gokul Krishnan G on Apr 1, 2017 Cars, Parts & VehiclesMRF Tyres — Billing issue Bla Ck Nig Ght on Mar 26, 2017 Motorcycles & ScootersMRF Tyres — Swollen (bubble) mayankbhushan2006 on Mar 26, 2017 Cars, Parts & VehiclesMRF Tyres — Bubble formed in the tyre S.M.Gupta on Mar 25, 2017 Cars, Vans & SUVsMRF Tyres — Tube problem ...... Aabhi123 on Mar 23, 2017 Motorcycles & ScootersMRF Tyres — MRF Wholesalers cheating customers mms2dreams on Mar 21, 2017 Car DealersMRF Tyres — Damage Shiyaz Sadiq on Mar 14, 2017 Cars, Parts & VehiclesMRF Tyres — Reg Swiping machine service charge complaints Alik Siva Sunim on Mar 8, 2017
Credit CardsMRF Tyres — MRF Tyres Abdul Samad Arab on Mar 3, 2017 Cars, Parts & VehiclesMRF Tyres — Regarding tube problem .... Aabhi123 on Mar 1, 2017 Motorcycles & ScootersMRF Tyres — Tyre replacement request 313 on Feb 22, 2017 Cars, Vans & SUVsMRF Tyres — Duster tubeless tire, sport 215/65r16 98h, number, e4 -0261263 Vishnoo Dubey on Feb 15, 2017 Cars, Parts & VehiclesMRF Tyres — Not getting replacement of tyres from last one year shah umaid on Feb 9, 2017 Motorcycles & ScootersMRF Tyres — Cheating Romak Kumar on Feb 7, 2017 PoliceMRF Tyres — Premature failure of brand new tyre Thanneru Srinivas on Jan 7, 2017 Cars, Parts & VehiclesMRF Tyres — 100/90*18 Ajay Talada on Dec 30, 2016 Motorcycles & ScootersMRF Tyres — Two wheeler tyre Hareeshrana on Dec 29, 2016 Motorcycles & ScootersMRF Tyres — Woofing Noise from 4 New Tyres - ZLO 15R Naseer260 on Dec 28, 2016 Cars, Parts & VehiclesJK Tyre and Industries Ltd on Monday said that it had completed the acquisition of tyre, tube and flap maker Cavendish Industries, a unit of Kesoram Industries Ltd, for Rs.2,195 crore.
Kesoram Industries is a B.K. Birla Group company. The New Delhi-based company will fund the deal through a mix of internal accruals and debt raised by JK Group associates, said Raghupati Singhania, chairman and managing director of JK Tyre. Of the total deal size, Rs.700 crore is fresh equity and Rs.1,495 crore debt. Singhania said while JK Tyre had invested Rs.450 crore in the deal, it had not taken any debt on its books. Money has been raised by Cavendish itself as well as JK Group’s associate firms such as Bengal & Assam Co. Ltd (the holding company) and Valiant Pacific LLC, a trading firm. JK Tyre will hold a 64% stake in Cavendish, while the rest will be held by Bengal & Assam and Valiant. The deal will add a capacity to produce 10 million tyres a year and enables JK’s entry into the fast-growing two-wheeler and three-wheeler tyre market, and will also boost its capacity to produce truck and bus radials. After the acquisition, JK’s total manufacturing capacity in India will increase to 26 million units a year;
it will reach annual revenue of Rs.10,000 crore in the domestic market. “Numbers for the last fiscal are not out yet, but what I can say is we expect around Rs.7,800 crore from domestic operations, and going ahead, we are looking to close the current fiscal at Rs.10,000 crore,” Singhania said. The firm plans to start production at a facility in Haridwar in the next 15 days; it may also look to rationalize its manpower. Cavendish’s Haridwar facility employs around 5,000 people. After the JK Group first informed the stock exchanges about the deal last September, analysts said that the company was paying too much and even if the benefits of size and scale accrue with time, the concerns outweigh the gains in the near to medium term. But Singhania said it was a matter of “perspective”. “I don’t think we have paid too much,” Singhania said, adding that factors such as the state of the plant, ready access to capacity, truck and bus radial capacity and a chance to enter the two- and three-wheeler markets, made Cavendish an ideal buy.
Market leader MRF Ltd and others were also in the fray for buying Cavendish. Analysts have also expressed concern that Kesoram’s business fell short on transparency. In spite of being a listed company, it last filed quarterly results with the stock exchanges in December 2014 and has sought time to file both the March 2015 and June 2015 results. Singhania maintained that Cavendish’s divestment was an asset sale and his company was not inheriting any legacy issues. “We will do a proper accounting. It should not take more than 12 months to turn the company around. We are going to start operations in the next 15 days,” Singhania said. Kesoram’s tyre segment posted an operating loss at a time when tyre companies are riding high on plummeting rubber and raw material prices. Angel Broking Ltd, in its brief note on the deal, said that the financials of January-September 2015 show that the tyre segment (comprising of two plants in Haridwar and Balasore) generated revenue of Rs.2,045 crore and a loss of Rs.294 crore.
The deal would close the gap in revenue between JK Tyre (currently the third-largest tyre maker in India) and Apollo Tyres Ltd (the second largest). MRF Ltd is ahead by a wide margin. Scheme of the month The complete range of car tyres are available. Cum sociis natoque penatibus Magnis dis parturient montes, nascetur ridiculus mus. Nullam ac massa quis nisi porta mollis venenatis sit amet urna. Ut in mauris velit, sed bibendum turpis. Nam ornare vulputate risus, id volutpat elit porttitor non. In consequat nisi vel lectus dapibus sodales. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Praesent bibendum sagittis libero. Imperdiet sem interdum nec Mauris rhoncus tincidunt libero quis fringilla. BEST SELLERS - Highest Selling CAR TYRES BEST SELLERS - Highest Selling 2 Wheelers TYRES BEST SELLERS - alloy wheels Questions or Need More Information to us or give us a call atNews Home » Business » India BusinessMRF launches tyres for Indian Air Force's Sukhoi aircraft CHENNAI: India's second largest tyre maker, MRF Tyres, has become the first Indian company to launch tyres for the Indian Air Force's Sukhoi aircraft.
The company, on Saturday, launched MRF Aeromuscle, which would be used for Sukhoi 30 MKI's main wheels. The project, which began in 2008, has been anchored by the Indian Air Force (IAF), Hindustan Aeronautics Ltd, The Center for Military Airworthiness and Certification (CEMILAC), The Rubber and Chemical Merchants Association (RCMA) Nasik, Directorate General of Aeronautical Quality Assurance (DGAQA). The tyres have been designed by MRF and are being manufactured at the company's factory in Hyderabad. MRF's tyres will work out 40% cheaper for the IAF. Today, there are about five global manufacturers making aircraft tyres and the IAF currently uses Russian tyres on the Sukhoi. This is MRF's second project in the aviation space. It has been making tyres for Chetak Helicopters of the IAF and for HAL, and has now started work on making tyres for the MIG aircraft and the aircraft for the Indian Navy, the company's executive vice-president Koshy Varghese said. The company currently gets about 1% of its turnover from the defence segment.