MoneyWorks4Me

SSWL gets nomination for Euro 8 million business from European OEM

24 May 2024 Evaluate

Steel Strips Wheels (SSWL) has received nomination for Steel Wheel business from a leading European OEM. Business value is close to Euro 8 million which will be executed over a span of 6 years. Series supplies are expected to commence from Mid Year 2025 from SSWL’s Chennai plant. SSWL expects more businesses from Global OEMs in coming months which complements its strategy to grow its presence in the EU and US OEM space.

SSWL 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.


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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