This order is one of the Steel Strips Wheels Ltd's (SSWL) biggest export orders, the company said in a regulatory filing.
As part of the deal, SSWL will supply its products to JLR's UK and one more European facility, it added.
The company, however, did not disclose financial details.
The wheels will be supplied from SSWL's Chennai plant with the first supplies planned to start from February 2016.
SSWL designs and manufacture automotive steel wheels since 1991 and is among the leading supplier to Indian and global automobile manufacturers.
SSWL shares today ended at Rs 389.80 a piece on the BSE, up 3.34 per cent from previous close.
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