SSWL reports 12% growth in total wheel rim sales in April

Steel Strips Wheels (SSWL) has reported 12% growth in its total wheel rim sales to 10.24 lakh as compared to 9.15 lakh in April 2014. In terms of Value, the company has achieved gross turnover of Rs 111.96 crore in April 2015 as compared to Rs 99.92 crore in April 2014, recorded a growth of 12% and achieved a Net turnover of Rs 100.65 crore in April 2015 as against Rs 90.09 crore in April 2014, recorded a growth of 11.7%. Moreover, the export volumes grew by 5% to 1.13 lakh in April 2015 as against 1.08 lakh in April 2014.

In segmental growth, the company's Passenger car segment grew by 26% in April 2015 year on year (YoY), while the company's LCV & MHCV segment volumes grew by 97% YoY in April 2015. However, the company's Tractor segment volumes dropped by 24% in April 2015 YoY.

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.