Staff Writer
Chandigarh: Steel Strips Wheels Limited (SSWL) on Friday reported an 18 per cent year-on-year rise in its net turnover for April 2026, driven by strong performance across key domestic segments and record sales in its alloy wheel business.
The company said its net turnover stood at Rs 500.85 crore in April 2026 as compared to Rs 424.11 crore in the same month last year. Gross turnover also rose 12.1 per cent to Rs 581.82 crore from Rs 519.02 crore in April 2025.
SSWL said its performance during the month was marked by resilience and strategic alignment with evolving industry trends, even as the broader automotive sector entered a phase of normalising growth.
The company recorded strong traction in the two- and three-wheeler segment, with value growth of 36 per cent and volume growth of 33 per cent, reflecting increasing market share amid a recovery in demand and ongoing electrification.
In the tractor segment, SSWL reported a 30 per cent increase in value and a 27 per cent rise in volumes, supported by improved rural demand and higher mechanisation levels.
The aluminium alloy wheel segment emerged as a key highlight, with the company achieving its highest-ever monthly sales and registering a 15 per cent year-on-year growth, outpacing industry averages amid rising premiumisation in the passenger vehicle market.
In the commercial vehicle space, SSWL maintained steady growth, with truck segment volumes rising 4 per cent, in line with infrastructure-led demand trends.
However, export markets remained under pressure during the month, with value declining 12 per cent and volumes falling sharply by 35 per cent due to geopolitical and logistical challenges.
Overall, the company reported an 18 per cent growth in value terms and a 5 per cent increase in volumes for April 2026.
SSWL said its strong domestic presence, particularly in the agricultural and commercial vehicle segments, continues to provide stability and growth, even as it navigates short-term headwinds in export markets.
