German Ally Wheels Up Hindalco & #8217;S Fortunes

Hindalco Industries, the aluminium business of the A V Birla group, is set to witness a threefold growth in the wheels business during the current financial year, with its German technology partner, Stahlschmidt & Maiworm GmbH, offering to source one lakh wheels for its European customers.

This comes as a shot in the arm for the aluminium major at a time when it has been hit by a slack in demand, with the growth in the domestic passenger car still some distance away.

Hindalco