Steel Strips Wheels (SSWL) has been selected under Production Linked Incentive (PLI) scheme for Automobile and Auto Component Sector. Earlier, the company had prepaid the long term debt of Rs 25.73 crore making the total prepayment of Rs 61.27 crore.
SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims 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.
