Wheels India has reportedly signaled at a resumption of capex cycle as the capacity constraints emerge after a long gap. The company’s commercial vehicle segment is expected to maintain the projected growth, while passenger cars will continue to maintain the momentum driven by a few top players.
Moreover, tractors segment is also expected to maintain the momentum with some moderation during the November-January period and the construction equipment sector is bullish on sustaining double-digit growth on the back of government’s continuing focus on infrastructure spend. Thus, the businesses that the company serves present a favourable growth outlook. However, the wind energy component business is facing challenges.
Wheels India is company promoted by the TVS Group, India’s largest auto component manufacturers. It is one of the largest steel wheel manufacturers in the world.
