Steel Strips Wheels (SSWL) has reported 0.18 fall in its total wheel rim sales to 10.52 lakh in November 2015 as compared to 10.54 lakh in November 2014. In terms of Value, the company has achieved gross turnover of Rs 105.13 crore in November 2015 as compared to Rs 102.63 crore in November 2014, recording a growth of 2.5% and achieved a Net turnover of Rs 94.70 crore in November 2015 as against Rs 92.41 crore in November 2014, recorded a growth of 2.5%.
In segmental growth, the company’s Passenger car segment grew by 4% in November 2015 year on year (YoY), while the company’s LCV & MHCV segment volumes grew by 54% YoY in November 2015. The company’s export surged 32% on the back of increased shipments towards Europe. However, the company’s domestic Tractor segment volumes dropped 50% in November 2015 YoY.
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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