The Indian steel rim producer Steel Strips Wheels Ltd (
SSWL) has announced that in December last year it sold 859,679 steel wheel rims, up by 12.5 percent compared to the same month of 2012. In the given month, the company's wheel rim exports increased to 140,346, up 58 percent year on year.
Meanwhile, in the third quarter ended December 31 of the current Indian fiscal year,
SSWL sold 2.78 million steel rims, up 15 percent compared to the corresponding quarter of the previous fiscal year.
SSWL's sales in the fourth quarter ending March 31 are expected to total 2.48 million rims.