Steel Strips Wheels (SSWL) is aiming to achieve a volume sale of 35.6 lakh in Q4FY17 as compared to 33.24 lakh in Q3FY17, representing a growth of 7% Q-o-Q.
The volume growth is primarily driven by Passenger cars and very good growth in tractors and truck segment. The CV segment is witnessing very good demand for Q4 and will surely negate the demonetization impact. The portfolio growth of heavier wheels is getting into high double digit and will surely give its impact on the financial performance of the company in Q4.
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.
