Wheels India Signs Technical Agreement with Japan's Topy Industries for Aluminium Wheels Business

Wheels India Ltd has signed a Technical Assistance Agreement with Topy Industries, a Tokyo-based globally renowned wheel manufacturer, for the design, development, and manufacture of aluminium alloy wheels. The agreement aims to enhance Wheels India's design and manufacturing capabilities for the cast aluminium wheel business. The company has already forayed into the alloy wheel business in FY21 and is now targeting the domestic market, having commenced supplies to Tata Motors and Stellantis. Wheels India has also bagged new orders for its aluminium wheels business from Hyundai & Volkswagen and expects to commence supplies next year. The company is planning to expand its annual capacity at its alloy wheels plant in Thervoi Kandigai to 7 lakh wheels per annum and further expand it to 10 lakh wheels per annum next year.