Steel Strips Wheels (SSWL) has registered a decline of 5.26% by achieving gross sales of Rs 81.16 crore in November, 2012 as against 85.67 crore in the same month previous year. The net sales of the company also decreased to Rs 73.63 crore during November 2012 as against Rs 78.40 crore in November 2011, recording a drop of 6.08%.
In terms of number of wheel rims, the company sold 7.77 lakh steel wheel rims during November 2012 as against 8.16 lakh in November 2011, registering a decline of 4.78%. The company has achieved the export sales of 99,392 wheel rims during the month of November 2012 as against 76,056 wheel rims during the month of November 2011, registering a growth of 30.68%.
The company 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.
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