Steel Strips Wheels (SSWL) has reported 20% growth in its total wheel rim sales to Rs 11.60 lakh as compared to 9.71 lakh in August 2013. In terms of Value, the company has achieved gross turnover of Rs 113.47 crore in August 2014 as compared to Rs 101.50 crore in August 2013, recorded a growth of 12% and achieved a Net turnover of Rs 102.55 crore in August 2014 as against Rs 92.55 crore in August 2013, recorded a growth of 11%. However, the export volumes declined by 20% to 1.44 lakh in August 2014 as against 1.80 lakh in August 2013.
In segment growth, the company’s Passenger car segment grew by 29% in August 2014 year on year (YoY), while 2 & 3 Wheeler segment volumes grew by 37% in August 2014 YoY. Furthermore, the company’s LCV & MHCV segment volumes grew by 49% YoY in August 2014 on the back of all round growth among customers. However, the company’s Tractor segment volumes dropped by 15% in August 2014 YoY.
