Steel Strips Wheels (SSWL) has achieved total wheel rim sales of 12.59 lakh in July 2019 as against 13.59 lakh in July 2018, representing de-growth of 7% Y-o-Y. The July month saw recovery in many section of automotive market as compared to June and the company expects this recovery to continue to going ahead for this financial year. There was a growth of 12% M-o-M in total Volumes with both exports and domestic markets showing signs of improvement.
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.
