Steel Strips Wheels (SSWL) has achieved total wheel rim sales of 13 lakh in November 2020 Vs 12.52 lakh in November 2019 representing a growth of 4% YoY. The export segment can offer further upside to sales numbers but is facing headwinds of supply chain issues pertaining to container availability and it is expected to improve going into next quarter. Production capability remains at above 95% in all plants and the company expects this to be maintained going ahead into Q4 of FY 20-21.
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.
