Wheels India Limited has reported strong financial performance for the first quarter ended June 30, 2026, driven by healthy demand in the domestic market and continued growth in exports. The company posted a net profit of ₹37 crore during the quarter, compared with ₹26 crore in the corresponding period last year, while revenue increased 16.8% year-on-year to ₹1,386 crore.
The company’s export business also maintained strong momentum during the quarter, with export revenue rising 17.3% to ₹380 crore from ₹324 crore recorded in the same quarter of the previous financial year. The performance was supported by steady demand across key automotive segments, including passenger vehicles, commercial vehicles and agricultural tractors. Improved export orders, particularly for construction equipment wheels, also contributed to the company’s growth during the quarter.
Commenting on the results, Srivats Ram, Chairman and Managing Director of Wheels India, said the company benefited from the continued strength of the domestic automotive market following the implementation of GST 2.0 reforms. “Our sales grew in line with the positive momentum witnessed in the domestic markets for passenger vehicles, trucks and agricultural tractors. We also recorded strong growth in exports of construction equipment wheels, which supported our overall performance during the quarter. However, higher raw material costs resulting from the geopolitical situation in West Asia continued to exert inflationary pressure on our operations,” he said.
Despite the increase in input costs, the company delivered improved profitability through higher volumes, operational efficiencies and a balanced product mix. Looking ahead, Mr Ram expressed confidence that the company’s growth momentum would continue during the second quarter, supported by stable demand across its major business segments and sustained export opportunities.
Wheels India has continued to strengthen its presence in both domestic and international markets by supplying products across a wide range of automotive and industrial applications. The company remains focused on expanding its product portfolio, improving manufacturing efficiency and serving customers with high-quality engineering solutions.
With manufacturing facilities located across Tamil Nadu, Maharashtra, Uttar Pradesh, Uttarakhand and Andhra Pradesh, Wheels India manufactures wheels for trucks, passenger vehicles, agricultural tractors and construction equipment. The company also produces air suspension systems for trucks and buses, along with industrial components used in the construction and wind energy sectors. The company continues to invest in technology, manufacturing excellence and customer-focused innovation to meet the evolving requirements of the automotive and industrial sectors while strengthening its competitiveness in global markets.
Wheels India is part of the TSF (Trichur Santhanam Family) Group, one of India’s well-established business groups with interests in the automotive and financial services sectors. The group’s legacy dates back to 1936 and is built on the values of trust, value and service.
Companies promoted by the TSF Group generate combined annual revenues of more than ₹33,000 crore and employ over 42,000 people. The group operates 36 manufacturing facilities and a network of more than 1,200 branches. Its automotive businesses span component manufacturing, vehicle dealerships, parts distribution and vehicle financing. In financial services, the group promotes Sundaram Finance, one of India’s leading non-banking financial companies, with businesses across vehicle finance, housing finance, general insurance and asset management.
