Steel Strips Wheels Ltd. announced fresh capacity expansion plans with two new manufacturing units in Gujarat for alloy wheels and aluminum steering knuckles. Backed by a ₹420 crore investment, the initiative aims to meet rising automotive demand in domestic and global markets. The project is scheduled for completion by FY27.
The Board of Directors of Steel Strips Wheels Limited (SSWL) approved key expansion initiatives at its meeting held on December 26, 2025. The company has executed a lease agreement with its wholly owned subsidiary AMW Autocomponent Ltd. (AACL) to acquire land and infrastructure in Bhuj, Gujarat, for establishing new manufacturing facilities.
The 288,793 sq. mt. property, located on Bhuj–Bhachau Road, will house two new high-capacity units—one for Alloy Wheels and another for Aluminum Steering Knuckles—to strengthen SSWL’s product portfolio and meet increasing industry demand.
Notable Updates
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Lease Agreement: Executed with AACL for 11 months (extendable) at a monthly rent of ₹45 lakh.
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Expansion Projects:
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Alloy Wheels: New plant with an initial capacity of 7.2 million units annually.
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Aluminum Steering Knuckles: Capacity pegged at 0.6 million units per annum.
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Investment Outlay: ₹300 crore for alloy wheels and ₹120 crore for steering knuckles — totaling ₹420 crore.
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Funding Mix: Through internal accruals, debt, or a combination thereof.
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Timeline: Production capacity expected by Q4 FY2026-27, pending statutory approvals.
Major Takeaways
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Capacity expansion reflects SSWL’s confidence in rising automotive demand and light-weight component adoption.
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Both projects align with the company’s strategy to diversify offerings and enhance export potential.
Sources: NSE Corporate Filings, BSE Announcements by Steel Strips Wheels Ltd.