Steel Strips Wheels (SSWL) has received substantial increase in exports order for supply of Steel wheels for VW Argentina’s requirements. Wheels are being supplied from SSWL’s Chennai plant.
Total increase is from original order of 7,000 wheels to about 34,000 wheels in the shipment period of October 16 to March 2017. This is due to higher proliferation of the Steel wheels usage per vehicle at VW’s plant in Argentina and is expected to prevail in future.
These additional orders will result in additional FOREX earnings of more than $600,000 for the above stated shipment period.
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.
