Wheels India Accelerates: Topy Tie-Up, New Orders Fuel 1M Wheel Expansion

Expansion Strategy

TVS Group firm Wheels India plans to ramp up production at its Thervoi Kandigai facility, leveraging a new technical collaboration with Topy Industries for advanced wheel tech. Securing orders from Hyundai and Volkswagen underscores rising OEM demand, aligning with India's EV/auto growth.

Key Highlights

Capacity Target: Scale to 1 million aluminium wheels annually by FY27, doubling current output via plant upgrades.

Topy Partnership: Technical agreement brings Japanese expertise in lightweight, high-strength wheels for premium segments.

Order Wins: New contracts from Hyundai (SUVs) and Volkswagen boost export/domestic revenue mix.

Market Tailwinds: Supports Nifty auto index amid Rupee 90.55 pressure, favoring exporters like Wheels.

Growth Outlook

Strategic moves position Wheels for 20%+ CAGR, tapping PLI schemes and global supply shifts.

Sources: BSE Announcements, Moneycontrol