Steel Strips Wheels (SSWL) has received nomination for Steel wheel business from two leading European OEMs for their vehicle programs to be produced in European Union (EU) and South America. Business value for both projects put together is close to Rs 300 crore which will be executed over a span of 5 years. Series supplies are expected to commence from early CY2027 from the company's Chennai plant.
The company expects more businesses from Global OEMs in coming months which complements its de-risking strategy in Exports by reducing dependency on US market and to grow its presence in the EU and South America.
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.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 131.95 |
| Tube Investments | 3048.15 |
| Bosch | 38138.45 |
| UNO Minda | 1178.05 |
| CIE Automotive India | 474.85 |
| View more.. | |
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