Mumbai, May 21 (Udaipur Kiran): Wheels India is currently trading at Rs. 1685.80, up by 123.05 points or 7.87% from its previous closing of Rs. 1562.75 on the BSE.
The scrip opened at Rs. 1583.80 and has touched a high and low of Rs. 1723.90 and Rs. 1583.80 respectively. So far 27213 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1,723.90 on 21-May-2026 and a 52 week low of Rs. 705.05 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 1,723.90 and Rs. 1,028.05 respectively. The current market cap of the company is Rs. 4107.07 crore.
The promoters holding in the company stood at 58.31%, while Institutions and Non-Institutions held 10.79% and 30.91% respectively.
Wheels India, along with its group company Brakes India, has entered into a joint venture (JV) with Bosch, for the development and manufacture of next-generation electronically controlled air system products for commercial vehicles (trucks and buses) to be sold worldwide. Wheels India and Brakes India are part of TSF Group. The company and Brakes India will collectively hold 50% stake in the JV, while Bosch will hold rest 50% stake.
Globally, there is a shift in OEMs, towards modular, electronically controlled air and braking platforms and suspension systems, which is the product portfolio of the JV. The JV will focus on engineering, manufacturing and sales of electronically controlled and software driven modules for air compression, air processing, air suspension, and air parking brakes. The proposed joint venture seeks to combine Bosch’s strengths in electronics & software, sensing and control systems with the mechanical system design, pneumatic management architecture and manufacturing capabilities available within Brakes India and Wheels India.
Wheels India engages in the design, manufacture, and sale of automobile wheels in India.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
