Ahmedabad, India – Indian tire maker MRF is set to build a greenfield tire manufacturing plant in Gujarat, India, according to reports in the Indian press.
MRF to set up greenfield tire plant in Gujarat
Citing government officials, the report said that the search for a location was on-going.
The company is expected to invest around Rs 4,000 crore (€557 million) for the plant, with the initial production capacity of one million tires per month.
However, the company could not be contacted for its comment.
MRF has already started a Rs 4,500-crore expansion of its three tire plants in Tamil Nadu.
Indian tire-makers Apollo and CEAT already have plants in Gujarat, with Taiwanese Maxxis also planning to set up a plant in the province.
Gujarat is a centre for car manufacture in India.