Steel Strips Wheels (SSWL) has achieved total wheel rim sales of 11.28 lakh in June 2019 as against 12.66 lakh in June 2018, representing a de-growth of 10% Y-o-Y. The June month had a shutdown coupled with major inventory reduction exercise going on at all car manufacturer's end. The company expects this to continue in July and come to normal levels of inventory by July to normalize production.
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.
