Audi nominates Steel Strips Wheels to supply steel wheel rims for its A6 platform

Audi, one of the highly quality conscious and leading German car maker, has nominated Steel Strips Wheels (SSWL) for the supply of steel wheel rims for its A6 platform.

The awarded business has a potential of exports worth over Euro 20.28 million (equivalent to Rs 137 crore approx.) over a period of four years. The company expects to start supplies in 2012-13.

The company reported 34% growth in February 2012 sales at Rs. 8429.31 lakh against Rs. 6272.93 lakh in February 2011. The gross sale of the company also increased to 9222.93 lakh in February, 2012 as against Rs. 6869.63 lakh in February, 2011, recording a growth of 34%.

SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches for scooters, passenger cars, utility vehicles and tractors.