Image Source: ET Auto
Key highlights
Auto component manufacturer Wheels India Ltd, a market leader, is reorienting its growth driver to exports by establishing a strategic foothold in the construction and tractor segments—both domestically and internationally. The company, which is renowned for wheels for commercial vehicles, tractors, and passenger vehicles, is taking advantage of recent momentum to consolidate its presence in these high-growth markets.
New Initiatives and Focus on Exports
Wheels India launched a new tractor wheel line in March 2025, widening its product portfolio for the domestic as well as export markets. This capacity enhancement will increase abilities to cater to the growing worldwide demand for farm equipment and strengthen its presence in the tractor market.
The firm is utilizing its US and European subsidiaries to propel business growth, augment customer service, and localize products—essential to expanding partnerships and addressing tariff uncertainties.
Strong performance came from the construction sector, where Wheels India provides wheels, welded structural parts, and hydraulic cylinders for mining vehicles and equipment. As global infrastructure activity picks up, the management anticipates that these segments will drive export-led growth over the next few years.
Performance Snapshot and Market Adaptation
FY2025 witnessed net profit jump 56% to ₹105.9 crore, breaching the ₹100 crore threshold for the first time, driven by robust showings in exports, improving demand for tractor wheels, and recovery in the bus and construction equipment segments.
In the agricultural sector, 8% growth was attributed to good monsoon conditions that boosted tractor sales and production. The company is hopeful this momentum will continue with rising global food production.
The focus on innovation encompasses an increasing proportion of aluminum wheels—now close to 40% of fitment for utility vehicles—and new supplies to principal automobile manufacturers. The air suspension business, which now serves both conventional OEMs and electric vehicle manufacturers, further diversifies the portfolio and establishes Wheels India as a component partner of choice.
Future Outlook
Wheels India is making large investments in product and capacity development, anticipating infrastructure and agricultural sector booms to fuel long-term export growth. Future programs with international customers and ongoing capital spending will further increase its manufacturing flexibility and market penetration.
In spite of tariff headwinds and demand volatility, Wheels India's focused wagers in construction and tractor segments indicate its aspiration to be at the hub of the auto component supply chain worldwide.
Sources: Economic Times Auto, The Hindu BusinessLine
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