Deals4 Aug 2025, 03:14 pm
Steel Strips Wheels Ltd. Secures INR 300 Crores Steel Wheel Business from Two Leading European OEMs
AI Summary
Steel Strips Wheels Ltd. (SSWL) has announced that it has received nominations for steel wheel business from two leading European OEMs. The combined business value of these projects is close to INR 300 Crores and will be executed over a span of 5 years. Series supplies are expected to commence from early CY2027 from SSWL's Chennai plant. This development is a part of SSWL's de-risking strategy in Exports, aiming to reduce dependency on the US market and grow its presence in the EU and South America.
Key Highlights
- Steel Strips Wheels Ltd. has secured steel wheel business from two leading European OEMs
- The combined business value of the projects is close to INR 300 Crores
- The projects will be executed over a span of 5 years
- Series supplies are expected to commence from early CY2027 from SSWL's Chennai plant
- This development is a part of SSWL's de-risking strategy in Exports