Below you will get Wheels India Ltd. live share price, historical charts, volume, market updates.
Wheels India (WHEELS), a TVS group company, is a manufacturer of steel wheels for the auto industry. It was incorporated on Mar. 28, 1961. The company manufactures steel wheels and air suspension systems under the brand name Neuride for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment with technical-financial collaboration with Titan Europe. It manufactures wire wheels for the high-end car market.
The company is focusing on wheels for large-size construction equipment and high-capacity trucks (50 tons to 100 tons). Growth in the infrastructure and mining sectors has led to huge demand for these big wheels. The company has developed new passenger car wheels and started supplying them to an automobile company in Australia. The manufacturing facilities of the company are located in Padi (Chennai), Pune (Maharashtra), Rampur (Uttar Pradesh), Bawal (Haryana) and two greenfield facilities in Pantnagar (Uttaranchal) and Sriperumbudur (Chennai). The manufacturing capacity is to go up from the current 8 million wheels a year to 10 million by April 2008. In 2006-2007, the company successfully developed 237 new wheels and air suspensions for ultra low floor city bus applications. It promoted Axles India in partnership with Sundaram Finance and Eaton, UK.
The company is a market leader and supplies two-thirds of the domestic market requirement. The new facility in Pantnagar will cater to the Tata Motors and Mahindra plants in Uttaranchal and the Sriperumbudur facility will cater to the domestic construction equipment industry including BEML, Caterpillar, and Komatsu. It exports 15% of its turnover to North America, Europe, South Africa and Asia Pacific. The registered office of the company is located at 21, Patullos Road, Chennai-600002, Tamil Nadu. Financials The company reported fall of 20.06% in standalone net profit on y-o-y basis to Rs 55.80 million, while total income increased 15.82% y-o-y basis to Rs 4.06 billion for the quarter ended December 2010.
The profile of company as listed on company site is as appended below
Wheels India is promoted by the TVS Group and was started in the early 60's to manufacture automobile wheels. Today, Wheels India has grown as a leading manufacturer of steel wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment in India. The company supplies 2/3rd of the domestic market requirement and exports 18% of the turnover to North America, Europe, Asia Pacific and South Africa.
- The company also has a technical-financial collaboration with Titan Europe
- Wheels India designs and manufactures wheels for the specific requirements of the customer. Our activities are driven by the following objectives:
Maintain leadership in the domestic market and presence in export markets. - Ensure customer satisfaction through timely delivery of quality products and services, at competitive prices.
- Continuously improve & innovative product design, process technology and work environment to offer better products.
- Bring about involvement of all employees in achieving the above objectives.
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