Autobayng News Team
- Published On Jul 18, 2025 at 06:07 PM IST
Wheels India Ltd, a leading manufacturer of wheels for trucks, agricultural tractors, and passenger vehicles, is betting big on its exports business and has made inroads in the construction and tractor segments, a top official said.
The city-based company was also confident that the overseas business to grow this year despite the uncertainty around tariffs.
Wheels India Ltd Chairman S Ram, while addressing the shareholders at the 66th Annual General Meeting on Thursday, said the overseas subsidiaries in the United States and Europe would give further thrust to the business development and customer support in these geographies.
“The company has made inroads in the construction and tractor segment in overseas markets and the prospects look good,” he said, responding to a query from a shareholder.
While there was an uncertainty at the moment, he exuded confidence stating his company was positive on the exports front.
Referring to the bus segment where the company is a formidable player, Ram said, there has been a ‘strong growth’ in the bus segment where it supplies air suspension systems and wheels.
On the agricultural tractor segment, he said, this segment recorded a 8 per cent growth in FY2025 driven by a favourable monsoon.
The company commissioned a new tractor wheel line in March 2025 that would widen the product range and increase its presence in domestic and international markets, he said.
On the passenger vehicle segment, Ram said the utility vehicles contribute to 65 per cent of the total units sold.
With penetration of aluminium wheels coming close to 40 per cent of the fitment, the company started supplies to one of the big four car manufacturers last financial year, he said, without elaborating.
On the air suspension segment, he said this segment has been doing well and his company not only supplied to traditional automobile manufacturers and OEMs (Original Equipment Manufacturers) but also has become a ‘significant supplier’ to electric vehicle makers.
Wheels India expects infra-activity to pick up both in domestic and overseas markets in the construction and mining segment, where it supplies wheels, welded structural components and hydraulic cylinders, he said.
In FY2025, Wheels India recorded a 56 per cent rise in its net profit at Rs 105.9 crore, breaching the milestone mark of Rs 100 crore as compared to the previous financial year, the company said.
- Published On Jul 18, 2025 at 06:07 PM IST
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