Steel Strips Wheels (SSWL) is expecting that the July to September quarter (Q2) of FY21 will report highest ever Tractor sales on the back of very strong farm segment activity. The company expects tractor segment to report double digit growth and good accretive in EBIDTA to the Q2 financials.
The company expects to gain material market share in tractor segment in this financial year backed by improved delivery performance across all the customers. The capacity utilization of the segment will be operating at 105-107% and is expected to carry on going ahead into balance FY20-21.
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.
