Wheels India

Wheels India intends to form a subsidiary in Europe to support business development and export growth, following the incorporation of a US subsidiary.

Wheels India plans a capital expenditure of ₹225 crore for FY2025 to ramp up capacity in machining large castings, aluminium wheels, earthmoving wheels, tractor wheels, and hydraulic cylinders. Aluminium wheel capacity will increase from 25,000 to 40,000 wheels per month.

Wheels India Limited announced it will ramp up its aluminum wheels business and invest in aluminum wheel capacities progressively, including a new machining facility at Thervoykandigai.

Wheels India Ltd announced the merger of Sundaram Hydraulics Ltd, a hydraulic cylinder manufacturer, into itself, effective October 1, 2021, subject to approvals. The board approved the scheme on December 7, 2021.

Japanese auto parts supplier Topy Industries will acquire a 26% minority stake in Wheels India Cars Wheels Ltd, a wholly owned subsidiary of Wheels India, for an undisclosed amount. Plans include setting up a new plant in Gujarat, India.