The year 2018 marks the Company's consolidation of its fourth decade of leadership inthe Indian Tyre Industry.
The first half of the year saw the implementation of the Goods & Services Taxation(GST) the effect of which was felt across sectors more so by small industries andtraders. Short term impact of GST seems to have worn off and one expects that in the longrun this would provide transparency in Operations and benefit both industry andconsumers.
India continues to be one of the proverbial bright spots among large economies of theworld. The agrarian economy got a healthy fillip due to a good monsoon thus giving a pushto rural demand. This along with large infrastructure development and investments isexpected to further give an impetus to the Indian economy in the coming year.
MRF's total income for the financial year ended 31st March 2018 is Rs.15510 crores.Your company continues to grow and will leave no stone unturned to be the customers' mostpreferred brand by raising the benchmarks for product range and superiority.
Your company's latest premium product PERFINZA has won the "Product of theYear'' award from the prestigious Car India/Bike India magazine. MRF also has the uniquedistinction of being the only Tyre Company to be awarded the "JD Power India CustomerSatisfaction Original Equipment Tyres Award" for Passenger Cars and Utility Vehiclesin 2018 for a record 13th time. As the leader in the Tyre Industry we constantly need toevaluate our capabilities as well as make investments to improve our market position. Inthis direction we have laid the foundation stone of our plant at Dahej Gujarat and it isexpected to come on stream in the next two years.
MRF's unique insights into the country its people culture customers roads and tradechannels combined with its speedy and innovative products and "Go-to-Market''strategies will ensure its continued dominance in the market.
Chairman & Managing Director