Steel Strips Wheels bags euro 5.8-mn export order from Renault Brazil

26 February 2015

Steel Strips Wheels Ltd (SSWL) has bagged an export order worth euro 5.8 million (Rs 40.9 crore) from Renault Brazil.

“The order value is worth euro 5.8 million for a total supply of 7,60,000 wheels,” SSWL said in a filing to the BSE.

The order will cater to both the domestic and export requirements of Renault Global and strengthen the export dominance of SSWL with Renault Global, it said.

“SSWL’s global share of business is steadily increasing with Renault and we hope to maintain the dominance,” it added.

SSWL designs and manufactures automotive steel wheels and is a leading supplier to Indian and global automobile manufacturers.

The company’s product range comprises steel wheels for two- and three-wheelers, passenger cars, multi-utility vehicles, tractors, trucks and off-the-road vehicles.