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SSWL reports 11% growth in total wheel rim sales in October

Steel Strips Wheels (SSWL) has achieved total wheel rim sales of 14.50 lakh in October 2018 as compared to 13.04 lakh, representing a growth of 11% Y-o-Y. In terms of value, the company has achieved gross turnover of Rs 249.36 crore in October 2018 compared to Rs 166.85 crore in October 2017, there by recording a growth of 50% and achieved Net turnover of Rs 204.04 crore in October 2018 compared to Rs 134.96 crore in October 2017, recording a growth of 51%.

Passenger car segment volumes grew by 3% and Commercial Vehicles segment volumes saw robust growth in October 2018 with 76% Y-o-Y increase. Besides, exports segment grew by 44%. Tractor volumes rose 11% in October 2018 Y-o-Y, while two & three Wheelers Segment fell by 2%.

SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches for scooters, passenger cars, utility vehicles and tractors. It supplies rims to almost all major manufacturers of two wheelers, three wheelers, four wheelers, tractors and heavy commercial vehicle.