Steel Strips Wheels (SSWL) has bagged a passenger car program from Hyundai India. The program will be for Indian as well as export cars for a period of 5 years. SSWL is selected as a SINGLE Source for the program.
The volumes for the program will be close to 20 lakh wheels over the life of the program and the order value of the program is about Rs 110 crore. The supplies of the program will start from FY 16-17. The program delivery will make the company the leading supplier for Hyundai India.
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.
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