Steel Strips Wheels (SSWL) has achieved total wheel rim sales of 13.68 lakh in May 2018 compared to 11.19 lakh representing a growth of 22% Y-o-Y.
In terms of value, the company has achieved gross turnover of Rs 220.88 crore in May 2018 compared to Rs 107.75 crore in May 2017, there by recording a growth of 105% and achieved net turnover of Rs 174.11 crore in May 2018 compared to Rs 94.49 crore in May 2017, recording a growth of 84%.
Passenger car segment volumes surged by 18% in May 2018 Y-o-Y basis, while tractor volumes fell by 2% in May 2018 Y-o-Y basis. LCV & MHCV segment volumes grew by 294% Y-o-Y basis in May 2018, while two & three wheelers segment fell by 5%.
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.
