Steel Strips Wheels (SSWL) is expecting to register 11% growth in Q4 FY18 with 40 lakh wheel confirmed order book as compared to 36.01 lakh wheel order in same quarter previous year. This correlates with the company also achieving highest ever turnover for the quarter.
The order book for truck is rising rapidly with new products and customers getting added to the company's portfolio. This will help it in making larger foot print in export markets. This will help it in achieving the highest ever truck segment sales for Q4 FY18.
Moreover, the rising car exports and growing domestic demand are the factor for reaching 90% capacity utilization and highest sales volume of its Chennai car wheel plant. The company is expecting the recent order wins from domestic as well as export markets will ensure extremely healthy plant utilization.
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.