Wheels India has infused 50,000 euros into its newly formed entity and subsidiary WIL Europe GmbH. The subsidiary WIL Europe GmbH is in the process of formation and is yet to commence operations. It is being developed to expand and do business activities in Europe. The company would be engaged in automotive-non-automotive related activities and services, and also in supply chain management and other allied services. The capital infusion was through a cash consideration of 50,000 equity shares having a face value of Euro 1 each.
Wheels India engages in the design, manufacture, and sale of automobile wheels in India.
