SSWL reports 11% growth in total wheel rim sales in September

Steel Strips Wheels (SSWL) has reported 11% growth in its total wheel rim sales to 12.08 lakh in September 2016 as compared to 10.91 lakh in September 2015. In terms of Value, the company's gross turnover was Rs 101.33 crore in September 2016, as compared to Rs 117.13 crore in September 2015, recording a fall of 13.49% and achieved a Net turnover of Rs 91.25 crore in September 2016 as against Rs 105.26 crore in September 2015, recording a fall of 13.31%.

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.