Wheels India has announced a capital expenditure plan of ₹250 crore for the current financial year, with a significant portion dedicated to expanding its windmill component manufacturing capacity. The Chennai-based company is optimistic about strong performance from its international business in FY26, according to Managing Director Srivats Ram, who spoke on Tuesday.
For the financial year ending March 31, 2025, Wheels India reported a net profit of ₹105.9 crore, a notable increase from ₹67.9 crore in the previous year. However, revenue for the same period declined to ₹4,425 crore, compared to ₹4,619 crore in the previous fiscal year.
In his comments, Mr Ram stated, “We are expecting a strong performance in exports this year. We’ve laid a solid foundation for upcoming customer programs, and product testing and development are ongoing. We’re expanding our product range, and the export efforts we’ve been building over the last five years are now showing results.”
Mr Ram further noted that the company has a clear outlook for exports and is confident about growth over the next three years. Responding to a query about the capital expenditure plan, Mr Ram highlighted that ₹250 crore will be allocated to various investments, including ₹100 crore for expanding the windmill capacity. Other investments will target the aluminium wheels, balancing equipment, and hydraulic cylinder sectors. He emphasized the long-term nature of export growth, noting that while it takes more than a year to develop and expand the product range, the foundation for future growth is being established.
Wheels India manufactures wheels for a range of vehicles, including trucks, tractors, and passenger cars, in addition to producing industrial components for the construction and windmill industries. The company operates plants in Tamil Nadu, Maharashtra, Uttar Pradesh, and Uttarakhand. Wheels India Limited is a leading manufacturer of steel wheels for a variety of vehicles, including commercial vehicles, passenger cars, and farm equipment, and is a key player in the Indian automotive component industry.
Established in 1968 and headquartered in Chennai, the company is known for its commitment to quality and innovation, producing a diverse range of products that meet global standards. Wheels India operates state-of-the-art manufacturing facilities equipped with advanced technology to ensure high precision and efficiency in its production processes.
The company has established strong relationships with major automobile manufacturers, both domestically and internationally, and is recognized for its ability to deliver customized solutions that enhance vehicle performance.
In addition to its focus on product excellence, Wheels India is committed to sustainability, implementing eco-friendly practices in its operations and striving to reduce its environmental impact. With a strong emphasis on research and development, the company continues to innovate, contributing to the growth of the automotive industry in India and reinforcing its position as a trusted partner in the global market.
