The Indian steel rim producer Steel Strips Wheels Ltd (
SSWL) has announced that it registered net sales of INR 907 million ($16 million) in May, up 3.32 percent compared to the corresponding month of 2012.
In terms of units sold, in May
SSWL sold 823,000 steel wheel rims, decreasing by 14 percent compared to 956,000 wheel rims sold in the same month of 2012, while the company's wheel rim exports increased to 110,910, down 73.7 percent year on year.
SSWL expects steel wheel rim sales of 790,000 in June.