Wheels India Ltd., (WIL) has introduced a capex of ₹225 crore for FY25 together with elevating manufacturing of its aluminium wheel enterprise and machining for giant windmill castings.
WIL’s TN-based plant will elevate its aluminium wheels manufacturing from 25,000 wheels to 40,000 a month this 12 months, MD Srivats Ram mentioned.
The auto part maker a posted 25% progress in its export enterprise in FY24, pushed by exports of earth mover and aluminium wheels.
The agency has plans to kind a European subsidiary to broaden its market there. It already has a U.S. included subsidiary.
Addressing the sixty fifth Annual Basic Assembly Chairman S. Ram mentioned the hydraulic cylinder enterprise has grown moderately and change into worthwhile following the merger of Sundaram Hydraulics Ltd. with WIL in FY24.
Mr. Ram mentioned demand for windmill parts was muted in FY24, however mentioned the big windmill castings plant lately turned worthwhile.
