Steel Strips Wheels (SSWL), a producer of automobile wheel rims, recorded an increase of 12% in wheels sales of 8,69,680 during November 2013 as against 7,77,433 in November 2012. Exports rose 5% year-on-year (Y-o-Y) with total sales at 1,04,106 as against 99,392 in November 2012. The export segment is growing steadily and is expected to move up going into fourth quarter with ramp up in new businesses coming into effect.
Two & three wheeler segment grew by 72% on the back of good volume growth across the customers and is poised to move with brisk pace over the coming months supporting overall volumes.
Meanwhile, the tractor segment volumes grew by 12% Y-o-Y and are expected to pick up good momentum again from fourth quarter onwards on the back of new developments and goods monsoon yielding record harvest. This segment is expected to grow at 15% going forward in the remaining 4 months of this financial year.
Two & three wheeler segment grew by 72% on the back of good volume growth across the customers and is poised to move with brisk pace over the coming months supporting overall volumes.
Meanwhile, the tractor segment volumes grew by 12% Y-o-Y and are expected to pick up good momentum again from fourth quarter onwards on the back of new developments and goods monsoon yielding record harvest. This segment is expected to grow at 15% going forward in the remaining 4 months of this financial year.
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