Steel Strips Wheels Ltd (SSWL), one of the country's largest steel and alloy wheel makers, posted a net turnover of ₹4.34 billion in March 2025, a month-on-month growth of 12% from February's ₹3.87 billion. The company's performance is an indicator of strong demand in domestic as well as export markets.
Highlights:
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March Performance: SSWL achieved a turnover of ₹4.34 billion in March on the back of higher sales in the passenger vehicle (PV) and commercial vehicle (CV) segments. SSWL also saw robust momentum in its overseas markets, led by Europe and the U.S.
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February Recap: SSWL in February 2025 recorded a turnover of ₹3.87 billion, with consistent growth across its product segments. The company had credited this performance to enhanced production efficiency and increasing demand for alloy wheels.
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Segment Growth: The PV segment continued to be the largest revenue contributor, while the CV and tractor segments also demonstrated consistent growth.
Leadership Insights:
A SSWL spokesperson said, "Our robust performance in March reflects our ability to deliver increasing market demand with operational excellence. We look forward to continuing this momentum into FY26."
Outlook:
With its sustained emphasis on innovation and market expansion, SSWL is optimally placed to leverage the expanding automobile industry.
Sources: Economic Times, Business Standard; April 1, 2025