Chennai

Wheels India Ltd to set up a cast aluminium wheel plant near Chennai

Srivats Ram, MD, Wheels India

Srivats Ram, MD, Wheels India   | Photo Credit: Special Arrangement

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The plant is expected to start operations next year, the company said in a statement

Wheels India Ltd is setting up a cast aluminium wheel plant in Thervoy Kandigai, near Chennai with an investment of Rs. 140 crore. The plant is expected to start operations next year, the company said in a statement.

The plant will have annual manufacturing capacity of 7.5 lakh wheels. It will ramp up in a slow manner, the company said.

Wheels India is the manufacturer of steel wheels for light vehicles, commercial vehicles, agricultural tractors, construction and mining equipment; air suspension systems for buses and trucks; and components and structures for windmill, railways and thermal power plants.

The company exports more than 20% of its sales and has a diversified base of over 40 customers.

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Printable version | Dec 16, 2019 1:59:49 PM | https://www.thehindu.com/news/cities/chennai/wheels-india-ltd-to-set-up-a-cast-aluminium-wheel-plant-near-chennai/article29878824.ece

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