Steel Strips Wheels (SSWL) has reported 8% rise in its total wheel rim sales to 10.98 lakh in December 2017, as compared to 10.18 lakh in December 2016.
In terms of value, the company has achieved gross turnover of Rs 158.73 crore in December 2017 compared to Rs 109.89 crore in December 2016, there by recording a growth of 44% and achieved net turnover of Rs 127.32 crore in December 2017 compared to Rs 98.97 crore in December 2016, recording a growth of 29%.
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.
