As electric vehicles quietly take over city roads and highways, they’re not just changing the way we drive, they’re also changing what our vehicles need. EVs need tyres that can handle more weight, faster acceleration, and longer use. Due to this, the tyre industry is starting to change and adapt to these new needs.
As more people switch to electric vehicles, the tyre industry is rethinking its designs to meet changing driving needs. For people interested in mid cap stocks, this change brings new investment opportunities. Some companies are ready for this shift—MRF is one of them. The recent performance of MRF share shows the company’s strength and focus on moving ahead with new technology.
Why Electric Vehicles Need Special Tyres?
Unlike traditional petrol or diesel cars, electric vehicles have some unique features that affect the tyres they use:
1. Instant Power and Fast Acceleration
EVs deliver power instantly, which leads to quicker acceleration. While this adds to the driving experience, it also increases pressure on the tyres, leading to quicker wear and tear. Some studies suggest that tyres on electric vehicles can wear up to 30% faster than those on conventional cars.
2. Increased Vehicle Weight
EVs are heavier because they carry large batteries. The added weight places more pressure on the tyres, increasing friction and leading to faster wear and tear.
3. Noise Considerations
Because EVs don’t have noisy engines, the sound of tyres on the road becomes more noticeable. Tyre manufacturers now have to focus on reducing road noise for a quieter and more comfortable ride.
These factors create a need for specialised tyres that can handle the demands of electric vehicles. As a result, the demand for advanced tyre technology is growing rapidly.
MRF’s Response: Innovation and Investment
MRF has recognised the growing importance of EVs and is investing heavily in research and development (R&D) to produce tyres tailored for electric vehicles. The company is working on developing tyres with:
- Low rolling resistance to increase battery range
- High grip to improve handling and safety
- Superior wear resistance to ensure tyres last longer
- Noise-reducing designs for a quieter ride
To support this innovation, MRF is collaborating with leading universities and global research organisations. By focusing on continuous improvement and technological advancement, MRF is ensuring it stays ahead of the competition. For investors, this makes MRF a company to watch, especially when considering mid cap stocks.
MRF Share Performance: Reflecting Adaptation and Growth
The company’s focus on innovation is also reflected in its financial performance. MRF shares have delivered a return of 144.63% over 5 years, 8.35% in the past year, and 13.72% in the last 6 months, reflecting steady and consistent growth. MRF share has shown impressive growth, with the company posting strong results in recent quarters. For example, in the fourth quarter of FY25, MRF’s net profit rose by 33% year-on-year, reaching ₹493 crore. Revenue also grew by 12% during the same period, and MRF rewarded its shareholders with a significant final dividend.
These solid results reflect MRF’s ability to manage changing industry conditions while continuing to offer value to its investors. The steady increase in the MRF share price, along with consistent dividend payouts, makes it an attractive option for those looking to invest in mid cap stocks.
Meeting the Demands of Leading EV Manufacturers
MRF’s commitment to electric mobility is evident in its partnerships with major EV manufacturers. The company supplies tyres for popular electric models, such as:
- Tata Nexon EV
- Mahindra EVs
- Honda Activa Electric
- Bajaj Chetak
MRF is also supplying tyres for electric buses and three-wheelers, showing the versatility of its products. By working closely with vehicle manufacturers, MRF ensures that its tyres meet the specific needs of electric vehicles, including improved efficiency, durability, and safety.
These collaborations strengthen MRF’s position in the market and highlight the company’s role in driving the shift towards sustainable mobility.
Conclusion
The rise of electric vehicles is reshaping many industries, including tyres. MRF’s focus on innovation, sustainability, and strategic partnerships has enabled it to adapt to the needs of the electric vehicle market and remain a leader in tyre manufacturing.
For investors, the MRF share reflects the company’s ability to navigate these changes successfully. With a solid financial track record, consistent performance, and a clear focus on the future, MRF stands as a strong contender in the world of mid cap stocks. With support from platforms like Torus Digital, tracking such emerging investment opportunities becomes simpler and more accessible. As the transition to electric mobility accelerates, MRF’s proactive approach ensures that it will remain at the forefront of this shift, providing value to both consumers and investors.
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