The Hindu Business Line : Falcon Tyres turnover at Rs 150 cr

Falcon Tyres Ltd has achieved a turnover of Rs 150 crore. The company presently has a market share of around 20 per cent in two- and three-wheeler tyres in the Indian replacement market, according to Mr A. Sadasivam, Managing Director.

The company is looking confident after the recent acquisition of Monotona Tyres Ltd, a Maharashtra-based company manufacturing and selling its tyres and tubes under the brand name MTL, he said while speaking at a function here. He said that the acquisition of MTL has given additional muscle power to the company. Falcon has tied up with Sumitomo Rubber Industries, Japan, for technical collaboration, giving it a definite edge over others, he added. The manufacturing plant of the company had a capacity of the 4.75-lakh tyres per month and at the initiative of the new management, the same is slated to reach 7.5 lakh-plus tyres per month in the next two months, he said. Mr W.V. Rao, General Manager (Marketing), was also present on the occasion.