The Indian steel rim producer Steel Strips Wheels Ltd (SSWL) has announced that in September this year it sold 1.005 million steel wheel rims, up by nine percent compared to the same month of 2012 and achieving its highest-ever monthly sales total. In the given month, the company's wheel rim exports increased to 149,280, up 107 percent year on year.
SSWL's previous best monthly performance was in August this year, when it sold a record 971,000 steel wheel rims.
Meanwhile, in the second quarter ended September 30 of the current Indian fiscal year, SSWL sold 2.85 million steel rims, up 12.9 percent compared to the corresponding quarter of the previous fiscal year. SSWL's sales in the third quarter ending December 31 are expected to total 3 million rims.