SSWL reports 16% growth in total wheel rim sales in August

Steel Strips Wheels (SSWL) has reported 16% growth in its total wheel rim sales to 12.93 lakh in August 2016 as compared to 11.14 lakh in August 2015. In terms of value, the company’s gross turnover was of Rs 116.41 crore in August 2016, as compared to Rs 119.44 crore in August 2015, recording a contraction of 2.5% and achieved a Net turnover of Rs 104.77 crore in August 2016 as against Rs 107.63 crore in July 2015, recording a fall of 2.6%.

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. It supplies rims to almost all major manufacturers of two wheelers, three wheelers, four wheelers, tractors and heavy commercial vehicle.