Steel Strips Wheels (SSWL) has achieved total wheel rim sales of 13.03 lakh in February 2018, as against 11.67 lakh in February 2017, representing a growth of 12%.
The robust growth in February was purely on account of company adding its new truck wheel capacity and all across segments reporting healthy growth run rate.
In terms of value, the company has achieved gross turnover of Rs 193.69 crore in February 2018 compared to 123.04 crore in February 2017, there by recording a growth of 57% and achieved Net turnover of Rs 150.30 crore in February 2018 compared to Rs 108.51 crore in February 2017, recording a growth of 39%.
Steel Strips Wheels (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.
