MRF

The year gone by was one of the most testing times for the entire
 automobile and auto ancillary industries. The impact of the recession
 was felt across industries and the tyre industry was no exception.
 However, MRF through its premium products and appropriate strategies
 increased its market share and recorded significant growth during 2009.
 
 During the second half of the financial year, we witnessed industrial
 strife at two of our factories.  We are keen to maintain cordial
 industrial relations, and we are hopeful that all employees will
 participate towards this endeavour.
 
 We are making major investments in our existing factories and in a new
 green field project to increase production and maintain our market
 leadership and we will also continue to invest in new technologies to
 further drive growth.
 
 K. M. Mammen
 
 Chairman and Managing Director