Steel Strips Wheels (SSWL) is expecting to register highest ever quarterly volume in Q2 FY 19-20 with 43.80 lakh wheel confirmed order book. At this pace, it expects the rate to continue and achieve annualized Capacity run-rate at 17.5Mn wheels.
The growth in number will far outpace the industry levels with big push coming from exports segment. It expects the Q2 exports to be highest ever for the company. The Car segment capacities will run at 100% utilization with firm order book available with SSWL. Dappar & Chennai car plant will hit their full capacities to fulfill the customer demand from domestic as well as Export segment.
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.
