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Wheels India to invest Rs 70 crore for expansion

05 Mar 2012 Evaluate

In a bid to expand its exports market, Wheels India is planning to invest Rs 70 crore this year. The company supplies 2/3rd of the domestic market requirement and exports 18% of the total turnover to North America, Europe, Asia Pacific and South Africa. The company also has a technical-financial collaboration with Titan Europe.

The company has plants at Padi and Sriperumbudur in Tamil Nadu; Pune, Rampur, Bawal and Pantnagar with overall annual capacity of 15 million wheels.

Earlier in October 2011, the company has entered into a technical agreement with Topy Industries, a leading Japanese steel wheel manufacturer, towards process, design and development of steel passenger car wheels.

Wheels India is promoted by the TVS Group and was started in the early sixties to manufacture automobile wheels. Today, Wheels India has grown as a leading manufacturer of steel wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment in India.

Wheels India Share Price

1042.45 40.65 (4.06%)
10-Apr-2026 16:59 View Price Chart
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