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Wheels India sees demand improving in non auto segment

Auto News - Published on Fri, 17 Aug 2018

Image Source: SteelGuru
The Hindu Business Line reported that, Wheels India, an auto parts maker of the TVS Group, sees a bright demand for components in non-auto segments such as railways over the next 2 to 3 years. The company has started supplying bogie suspension parts for LHB (Linke Hofmann Busch) coaches to the Integral Coach Factory. The Indian Railways, with a view to improving passenger safety, plans to introduce LHB coaches on all trunk routes. Mr S Ram, Chairman of Wheels India while addressing company’s 59th annual general meeting said that “We plan to start supplies to other railway factories in the coming year and see a strong demand from the Indian Railways for the next 2-3 years.”

Wheels India also sees high growth in demand of wheels for agricultural tractors on top of growth seen last year. Mr Ram said that “The normal monsoon, various government schemes and loan waivers have boosted the agricultural economy. We see this trend continuing this year.” The company is a major supplier of wheels to the construction and mining equipment industry globally. Mr Ram said there was an increase in demand from the second half of last year and expected this trend to continue in the coming years.

It has also developed into a major supplier of components for the windmill industry in India. As the domestic windmill business is seeing a recovery, Wheels India is also working with its customers for export of components.

The company has been working on widening its customer base across the products it manufactures and reduce the cyclical impact of some of the segments it supplies into.

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Posted By : Joykumar Irom on Fri, 17 Aug 2018
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