Wheels India has reported results for first quarter ended June 30, 2012.
The company has reported a growth of 24.20% in its net profit at Rs 8.93 crore for the quarter under review as compared to Rs 7.19 crore for the same quarter in the previous year. The total income from operation of the company has increased by 11.36% at Rs 519.61 crore for Q1FY13 as compared Rs 466.59 crore for the corresponding quarter previous year.
Wheels India is promoted by the TVS Group and was started in the early sixties to manufacture automobile wheels. Today, Wheels India has grown as a leading manufacturer of steel wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment in India.
