Support and Resistance Levels
Past performance
About Modi Rubber Ltd Modi Rubber Limited (MRL), part of the B K Modi Group, is a manufacturer of automobile tyres, with a notable technical collaboration with Continental Aktiengesellschaft for producing steel radial tyres for trucks. Established in 1971, MRL operates one of Asia's most modern tyre manufacturing plants in Modipuram. The company has successfully expanded its product range, including new lines of truck, light commercial vehicle, and premium tractor tyres, with a focus on increasing its market presence, especially in South India and parts of the West Zone.
MRL has a 12.4% market share and is recognized for its strong export performance, winning the CAPEXIL export award. The company exports to several countries across Asia, the Americas, and Europe. Despite challenges in markets like Pakistan and Afghanistan due to political issues and competition from China, MRL continues to leverage its advanced technology and strategic expansion plans. The company is undergoing restructuring, with rehabilitation schemes in place to enhance its operational efficiency and market position.