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Wheels India to invest Rs 155 crore in FY23

23 May 2022 Evaluate

Wheels India has drawn up plans to invest about Rs 155 crore towards expansion of construction equipment and aluminum wheels business during the current financial year (FY23). The company would make an additional Rs 25 crore investments to the Rs 75 crore it already made at its in new plant in Thervoy Kandigai in neighbouring Tiruvallur district for machining of large wind turbine castings.

Wheels India engages in the design, manufacture, and sale of automobile wheels in India.

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Company Name CMP
SamvardhanaMotherson 156.25
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