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MRF Tyres to manufacture components for aircrafts
India’s leading tyre manufacturers MRF Tyres, have ventured into uncharted territory of aircraft components production. The company will manufacture tyres components for the aircraft and will also make tyres for helicopters fore defence services.
INDIAN AUTOMOBILE component manufacturers and tyre makers are planning to venture into uncharted territory of aircraft components production. Indian-based MRF Tyres, Minda NTS and Sundram Fasteners are moving ahead with plans to supply components to aircraft manufacturers.
Recently, American aircraft manufacturer Boeing, signed an agreement with Tata Automobile Limited (TAL) Manufacturing Solutions, a wholly-owned subsidiary of Tata Motors. The Indian company would manufacture structural components for Boeing’s 787, Dreamliner airplane programme.
According to Ian Thomas, president of Boeing India, the company is planning for partnerships with Indian companies for different aircraft components. India’s leading tyre manufacturers MRF, has taken an initiative in this regard. The company is also making tyres for helicopters fore defence services.
Another company that is expected to provide components for the aircrafts is lighting manufacturer Lummux Industries, which is conducting a study on the market condition for aircraft lighting. This industry is looking for technology tie-ups with established players.
Indian companies have larger scopes in aerospace, especially in manufacturing mechanical, electrical, electronics and composites. There are also vast opportunities for design services businesses, as well.
Industry experts said,” gross profit margins in auto ancillaries are 10 to 12 per cent, but for the aviation space they are far higher.”
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