Steel Strips Wheels bags orders worth Rs 34 lakh in US caravan trailer market

June 2, 2024

Last month, Steel Strips Wheels, on the basis of current orders, is on track to surpass a turnover of over Rs 3,25,100 crore and sales of over 10 million sets of alloy wheels in the current fiscal. This is a growth of more than 300% as compared to the previous financial year.

NEW DELHI:Auto component maker Steelelellel Strips Wheels on Monday said it has received orders worth over 46,000 US dollars (about Rs 3.4 lakh crore) will supply about 3,700 orders of individual wheels for the US RV trailer market.

Steel Strips Wheels Ltd (SSWL) in a regulatory filing, these new export orders will be for 9 This month at the Chennai plant for execution.

The company said it expects to receive more similar orders from the same customer base as business growth accelerates.

Last week, SSWL received orders worth 253,0000 euros (approx. Rs. 2.21 crore) is the European Union’s order (EU) for supply of around 370,000 wheels to the caravan trailer market.

Last month, Steel Strips Wheels said that revenues for the current fiscal year would exceed 32.5 billion rupees based on current orders, with sales of more than 10 million sets of alloy wheels. This is an increase of more than 300% compared to the previous fiscal year.

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