SSWL achieves total wheel rim sales of 14.61 lakh in September
1st Oct 2020

Steel Strips Wheels (SSWL) has achieved September 2020 total wheel rim sales of 14.61 lakh as against 11.74 lakh in September 2019 representing a growth of 24.4% YoY and 29.8% on MOM basis. The company has achieved gross turnover of Rs 201.41 crore in September 2020 as against Rs 139.74 crore in September 2019 there by recording a growth of 44.1% and achieved Net turnover of Rs 166.82 crore in September 2020 as against Rs 115.59 crore in September 2019 recording a growth of 44.3%, This month should see the best ever monthly operational performance.

Alloy Wheel Segment reported its highest Monthly Volume sale ever in September 2020 with a 719% YOY growth. The export segment maintained a good pull having grown by 97.91%, and the company expects the Month of October to report further growth as Export order book is at its highest level for 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.