SSWL achieves total wheel rim sales of 11.25 lakh in August 2020
2nd Sep 2020

Steel Strips Wheels (SSWL) has achieved total wheel rim sales of 11.25 lakh in August 2020 as against 10.71 lakh in August 2019 representing de-growth of 5% YoY. The company has achieved gross turnover of Rs 152.69 crore in August 2020 as against 131.96 crore in August 2019, there by recording a growth of 15.7% and achieved Net turnover of Rs 126.79 crore in August 2020 as against  Rs 109.76 crore in August 2019 recording a growth of 15.5%.

Alloy Wheel Segment reported its highest Volume sale ever for August 2020. The export segment maintained a good pull have grown by 33%. The tractor segment maintained momentum in August-20 with bumper harvest and good monsoon season will maintain healthy run rate of production demand going ahead. The segment is running at all-time high rate for the company.

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.