MRF Chairman and Managing Director K.M. Mammen has been elected as the Chairman of Automotive Tyre Manufacturers’ Association (ATMA), a lobby group representing the automotive tyre sector in India.

Mr.Satish Sharma, President (Asia Pacific, Middle East and Africa) Apollo Tyres Ltd., has been elected as Vice Chairman of ATMA, according to a statement.

Mr.Mammen is the eldest son of the MRF Founder, the late K. M. Mammen Mappillai.

The Chennai-based tyre major reported net profit of Rs.388.15 crore on revenue of Rs.3,260.90 crore in the quarter ended December.

Mr.Mammen has held various executive positions in business associations in the country, including President of the Indo-Australian Chamber of Commerce.

He is currently an executive board member of FICCI and a member of the Board of the Madras Christian College.

Set up in 1975, ATMA represents the Rs.50,000 crore automotive tyre industry in the country.

Eleven large tyre companies comprising Indian and international manufacturers, who account for more than 90 per cent of tyre production in India, are members of the association.

source: http://www.thehindu.com / The Hindu / Home> Business / by Special Correspondent / Chennai – February 18th, 2016