Steel Strips Wheels (SSWL) has expected to achieve highest ever quarterly sales in Q2 with the help of truck and tractor segment growth. The expected sale volume (in number) in Q2 FY 2018-19 is 42.75 lakh with an expected growth of 13% on Y-o-Y basis.
The order book for both truck plants is good with exports also picking up steadily going ahead. The Chennai car line is also now running at 90% utilization, the highest ever, with the help of strong domestic car segment participation. The growth is coming from all round the corners due to increased market share and wider presence in export markets.
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.
