ALL

Industry & Competitive Context MRF Limited (Madras Rubber Factory) was founded in 1946 and is described by Brand Finance and company statements as India’s largest tyre manufacturer. It competes in an industry where demand is anchored by replacement sales. Crisil Ratings estimated that replacement accounts for roughly half of annual sales, and that the top six makers hold about 85 per cent of a sector worth approximately ₹1 lakh crore. ICRA’s 2026 sector commentary adds that p