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SSWL expects to cross over 1 million Alloy Wheels sales in FY21

22 Jul 2020 Evaluate

Steel Strips Wheels (SSWL) is expecting to cross more than 1 million Alloy Wheels sales resulting in total revenue of more than Rs 325 crore in FY 2020-21, on the basis of current market scenario and available orders. This will represent a plus 300 percent growth over last financial year.

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.

Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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