Japanese firm Topy Industries to pick up 26% stake in Wheels India subsidiary_Japanese firm Topy Industries to pick up 26% stake in Wheels India subsidiary

Japanese firm Topy Industries to pick up 26% stake in Wheels India subsidiary

May 21, 2024

Chennai: Wheels India Ltd, a TVS Group company, today said Japan’s toppy Industries acquired a “minority stake” in its subsidiary Wheelss India Car Wheels Ltd, subject to regulatory approvals.

Wheels India and Topy Industries Japan have entered into a partnership through a ‘Strategic Collaboration’ agreement in the passenger car steel wheel business. Under the agreement, Topy Industries will acquire Wheels India Car Wheels Ltd, a wholly owned subsidiary of WIL, which today (WCWL) means it owns 26% of the shares.

Wheels India reported revenues of Rs 224.3 crore for FY2017.

“The equity capital of WCL is Rs 50 crore. topy Rs 800-900-900-900-900-900-900-900-900 crore.” Srivats Ram, Executive Director, Wheels India Ltd.

“The new company (formed after the merger) will have five board members, three from Wheels India, one from Topy Industries and one independent director,” he told reporters.

He said Wheels India has gone through a five-year technical partnership with Topy Industries and “under this partnership, a new greenfield plant will be set up in Gujarat.”

“The capacity of steel wheels for passenger cars is about 1.5 crore in 2018, which could happen,” he said.

“Wheels Cars Wheels Ltd. will strengthen its overseas passenger car business through this partnership. This partnership will help boost the growth of our passenger car business.”

He said that Indian wheels currently account for 43% market share in the passenger car steel wheel segment.

Topy Industries Ltd sales amounted to 20 Production of steel wheels for automobiles $ 100 million, with production facilities in Japan, the United States, China and Mexico.

Recommended Suppliers

TDDCHEM SINGAPORE PTE.LTD（cnauto）

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-09-13

Company Size:

10000

Contact Supplier

Geely Jiyue 01 Max

LEADING IDEAL L9

Shandong Tuduoduo Digital Technology Co., Ltd

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-08-09

Company Size:

10000

Contact Supplier

Wheel excavator

chengdutuduoduo

Retailer

CN Supplier

1 YRS

Main Products:

Whole vehicle, used car

Established:

2024-08-01

Company Size:

10000

Contact Supplier

Great Wall Artillery 2.0T

Peugeot 301 1.6L

Radar RD6 Pure electricity

Nissan Qijun 2.5L

TDD (QINGDAO ) CROSS-BORDER E-COMMERCE CO.,LTD.

Retailer

CN Supplier

2 YRS

Main Products:

Auto parts、Rubber tyre、Finished car

Established:

2023-01-01

Company Size:

10000

Hebei Changli Auto Parts Co., Ltd

Retailer

CN Supplier

19 YRS

Main Products:

Auto starter and auto alternator and components

Established:

2006-01-17

Company Size:

240

Contact Supplier

auto starter

AUTO STARTER

Hebei Mengwang Automotive Technology Co., Ltd

Retailer

CN Supplier

3 YRS

Main Products:

Air filter、Lubricating oil

Established:

2022-09-07

Company Size:

SMEs

Contact Supplier

Hebei Jinlitong Auto Parts Co., Ltd

Retailer

CN Supplier

17 YRS

Main Products:

Production of starters, generators, engines, cages and related equipment accessories for mini vehicles, cars, agricultural vehicles and diesel vehicles; and import and export business of self-operated products

Established:

2008-10-24

Company Size:

Miniature

Contact Supplier

QUANZHOU JUNHUA MACHINERY CO.,LTD

Manufacturer/Factory

CN Supplier

7 YRS

Main Products:

excavator and bulldozer undercarriage part(track roller,carrier roller,idler,sprocket/segment,track link)

Established:

2018-05-22

Company Size:

5000 square meters

Contact Supplier

undercarriage part for Catpillar D8N D8R track roller single flange 7T9188 246-0775

spare parts undercarriage parts track roller double flange D8N D8R D8L D8T

undercarriage part for Catpillar D8N D8R track roller single flange 7T9188 246-0775

track roller double flange undercarriage part D8R D8N D8T D8L 9W8705 196-9947

Shanghai Lianteng Industrial Co., LTD

Retailer

CN Supplier

17 YRS

Main Products:

Auto parts wholesale; Auto parts retail; Machinery and equipment sales; Sales of electronic components and electromechanical components; Sales of electronic products

Established:

2008-10-22

Company Size:

Minor

Contact Supplier

Yiwei New Energy Technology(Chengdu)Co.,Ltd

Retailer

CN Supplier

3 YRS

Main Products:

New Vehicle, Used Vehicle, Electric Vehicle, Gasoline Vehicle

Established: