MRF Tires Dealership Franchise,Cost, ROI – 2022

Learn how to apply for MRF Tires Dealership or franchise to get started.Follow the complete tutorial step by step.

MRF Tire Deal / Franchise: In India, the number of vehicles on the road keeps increasing year on year. Many people want to have or already own a car so they can live a life of convenience. But cars are not cheap. Not only does it require a significant amount of money to buy a car, but it also takes a lot of time and maintenance to make sure it runs for years to come. One of the essential parts of a car is the tire. Car safety depends a lot on the tires. And as for tires, it is the most trusted brand in India MRF. The brand is so popular among Indians that people ask for MRF tires specifically for their cars. Over the years, MRF has managed to make itself a special place as one of the most respected brands not only in India but worldwide.

MRF Tires Dealership Franchise,Cost, ROI - Apply Online

The Company:

MRF Limited is an Indian multinational corporation. MRF The Madras Rubber Factory. It is a tire manufacturing company and produces the largest number of tires in India. It also ranks 14th in the list of the largest tire manufacturing companies in the world. The company manufactures products such as tires, conveyor belts, tubes, toys, treads, etc.

A man named MRF founder K.M. Mammen Mappillai. He started the company in 1946 at Tiruvottiyur, Madras (now known as Chennai), to manufacture toy balloons. It was not until 1952 when the company began the production of rubber tread. In November 1960, MRF Limited turned into a private company and partnered with a company based in Ohio, the United States called Mansfield Tire & Rubber Company, to manufacture tires. On 1 April 1961, the company went public and in 1967, MRF became the first Indian company to export its tires to the United States.

In 1989, MRF partnered with Hasbro, the largest toy-making company in the world, and started Funskool India. In 1993, the company crossed the mark of 10 billion rupees. It was the first Indian tire company to do so. From then on, due to their major sponsorship and marketing decisions, they have become one of the most famous brands in India.

Product Range:

While tires are popular for vehicles, the company manufactures a number of other products. The following is a list of products manufactured by MRF:

  • Medals
  • Tubes
  • Toys
  • Conveyor Belts
  • Pretreads
  • Cricket accessories
  • Industrial Paints and Coatings

Business Model:

Through excellent sponsorship and advertising over the years, MRF has successfully put its name on the market. For example, many people first became aware of MRF through the sport of Cricket, as MRF sponsored the cricket equipment of many prominent players such as Sachin Tendulkar. Their advertising campaigns featuring the likes of Virat Kohli have been successful in attracting many eyeballs. MRF sells its products through its exclusive stores and does not rely on other multi-brand base outlets. MRF also has an alliance with several prominent car companies and is the OEM (Original Equipment Manufacturer) for them.

There are more than 5,500 MRF vendors all over India and all 2 of those 3 vendors are exclusive outlets. Total MRF revenue for the year 2017-18 amounted to about 15,078 crore rupees. The company’s plan going forward is to invest about 800 to 1,000 crore rupees in product manufacturing. By 2022, MRF expects its revenue to grow by Rs 20,000 to 22,000 crore rupees.

All the numbers mentioned above and the statistics suggest that positive results should be expected if one wishes to invest in MRF. Another good reason to invest in MRF is that the company assists a franchisee in the training and other shop-related support needed to set up the franchise. MRF not only provides support in setting up the franchise but also assists the franchisee throughout the journey at least until the break-even point is reached.

MRF Tire Deal & Franchise:

Requirements:

There are specific requirements that an applicant must meet to be a successful owner of an MRF franchise. The first requirement relates to the required area of ​​the store or outlet. An individual applying for an MRF dealer must ensure that he or she has an area of ​​approximately 370 square meters or 4,000 square feet to set up the store. Otherwise, they would not find the seller.

MRF Tire Dealer Cost:

The second requirement that must be met is the cost of MRF tire dealership investment. The amount required as an initial investment to acquire an MRF seller is 10 lakh rupees. Otherwise, the seller will need an investment of around 23 lakh rupees. This investment is necessary to cover the cost of equipment and other shop-related expenses.

Return on Investment (ROI):

There are no accurate numbers or statistics to show exactly how profitable an MRF dealer is. But considering the path the company is taking, their plans and investments and also considering the brand value that MRF brings to the table, it can be said that investing in a MRF franchise can have great results for an individual.

How to get a MRF tire dealer?

One thing everyone interested in investing in MRF wants to know is how to apply for an MRF vendor. Well, the application process is very simple. Simply visit the company’s official website online and fill out the application form to apply for an MRF vendor. Details such as name, address, contact information, proof of identity, outlet details, email address, etc. will be requested. To fill. Otherwise, the individual’s financial information must be submitted with the application form. The MRF support team then reviews the application form. If the candidate’s application is shortlisted, MRF personnel ask him or her to conduct a personal discussion. It is then up to the people at MRF to decide whether or not to proceed with the process.

Another way to apply for an MRF dealer is to visit the MRF office in Chennai.

MRF Tire Dealer Inquiry:

Contact: 1800-419-4888

The office address is given below:

Old No 124 New No 114,

Greames Road, Thousand Lights,

Chennai – 600006

MRF Tire Dealership and Franchise FAQ:

1. What is the cost of the investment to an MRF dealer?

The franchisee has to put up an initial investment of 10 lakh rupees. The seller needs an investment of another 23 lakh rupees, which will be used to cover the cost of equipment and all shop-related costs.

2. How to apply for an MRF vendor?

The process of applying for an MRF dealer is very simple. To apply for a vendor you need to visit the official website of the company and fill out an application form. The person would have to provide certain personal and official information with the application form.

Another option is to visit an MRF office in Chennai to apply for an MRF vendor.

The office address is given below:

Old No 124 New No 114,

Greames Road, Thousand Lights,

Chennai – 600006

3. What documents are required to apply for an MRF franchise?

Documents to be submitted with the application form include proof of identity, proof of address, store address, store ownership or rent deed and bank statements.

4. What happens after I submit the application form?

Once submitted, the review application form goes through. MRF support staff review the application and if everything seems to be right for them, they call the candidate for a personal discussion. After that discussion, the MRF team decides whether to take things forward or not.

5. How many areas does the outlet need to set up the shop?

The area required to establish an MRF store is approximately 370 square meters, which translates to approximately 4,000 square feet.

6. Is the MRF franchise profitable?

Yes, of course, an MRF franchise is inevitable. By investing in this company, a franchisee can expect high returns on a monthly basis.

Also check: How to Get a Mi Store Franchise?

Final Words:

There are few brands in India that are as well known as MRF. MRF has gained the confidence of the Indian public over the years and has repeatedly delivered their world-class products. So if anyone is looking to invest in a tire manufacturing company, there is no better option than MRF.

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