Steel Strips Wheels (SSWL) has achieved total wheel rim sales of 10.72 lakh in August 2019 as compared to 14.14 lakh in August 2018, recording a decline of 24%. The August month saw continued cut in inventory and production from auto makers to further rationalize the inventory. The August 2018 base was the highest ever so the base effect also played a role for double digit de-growth.
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.