Steel Strips Wheels Ltd (SSWL) has signed a tripartite agreement with Liuzhou Arays Technology Co. Ltd. and Hainan Jihoo Import & Export Co. Ltd. to set up a new alloy wheel manufacturing facility in Bhuj, Gujarat. The $19 million deal will bring advanced technology and global expertise to India.
SSWL announced on February 13, 2026, that the agreement covers supply, installation, and commissioning of machinery along with transfer of technical know-how. The Bhuj facility will have a production capacity of 1.2 million alloy wheels annually, strengthening the company’s expansion strategy.
Key Highlights
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Agreement signed with Liuzhou Arays Technology and Hainan Jihoo Import & Export, both based in China
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Scope includes machinery supply, installation, commissioning, and transfer of latest alloy wheel manufacturing technologies
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Investment size pegged at approximately $19 million under the terms of the agreement
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New Bhuj facility to add 1.2 million alloy wheels per annum to SSWL’s production capacity
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Arays brings global expertise, strong OEM and aftermarket relationships, and technical guidance for equipment procurement
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Deal structured at arm’s length, with no related party transactions involved
This strategic collaboration positions SSWL to meet rising demand in both domestic and international markets, while leveraging Arays’ established global footprint in alloy wheel manufacturing.
Source: Steel Strips Wheels Ltd, BSE filing