Joint Venture29 Sept 2025, 12:19 pm
Wheels India Signs Technical Agreement with South Korean Firm for Hydraulics Cylinder Business
AI Summary
Wheels India Ltd has signed a technical agreement with SHPAC, a leading hydraulics cylinder manufacturer in South Korea. The agreement involves a technology transfer in manufacturing, which is expected to drive Wheels India's growth in the hydraulics cylinder segment. The company, which is a leading manufacturer of wheels for the global construction equipment industry, has identified this business segment as a strategic growth area. Last year, the company crossed the milestone of Rs. 100crores in Net Profit. For Q1 ended 30\
Key Highlights
- Wheels India signs technical agreement with SHPAC, a leading hydraulics cylinder manufacturer in South Korea
- Technology transfer in manufacturing to drive Wheels India's growth in the hydraulics cylinder segment
- Hydraulics cylinder business identified as a strategic growth area
- Wheels India is a leading manufacturer of wheels for the global construction equipment industry
- Last year, the company crossed the milestone of Rs. 100crores in Net Profit