Steel Strips Wheels (SSWL) has reported 10% growth in its total wheel rim sales to 12.25 lakh as compared to 11.16 lakh in March 2015. In terms of Value, the company has achieved gross turnover of Rs 127.48 crore in March 2016 as compared to Rs 117.70 crore in March 2015, recording a growth of 8% and achieved a Net turnover of Rs 115.08 crore in March 2016 as against Rs 105.8 crore in March 2015, recorded a growth of 9%. The company’s export surged 46% YoY in March 2016.
In segmental growth, the company’s Passenger car segment grew by 3% in March 2016 year on year (YoY), while the company’s LCV & MHCV segment volumes grew by 33% YoY in March 2016. Furthermore, the company’s domestic Tractor segment volumes grew by 17% in March 2016 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.
