The Indian steel rim producer Steel Strips Wheels Ltd (
SSWL) has announced that it registered net sales of INR 839 million ($15.5 million) in April, down 11.4 percent compared to the corresponding month of 2012.
In terms of units sold, in April
SSWL sold 825,000 steel wheel rims, decreasing by 13.24 percent compared to 951,000 wheel rims sold in the same month of 2012, while the company's wheel rim exports increased to 92,633, down 37 percent year on year.
SSWL expects steel wheel rim sales of 850,000 in May.