Steel Strips Wheels announces sales performance

For month of April 2017

Steel Strips Wheels has achieved total wheel rim sales of 11.50 lakh compared to 11.93 lakh in April 2017, representing a YoY drop of 3.6%. The drop was majorly due to the commercial vehicle volume adjustment for BS-IV, which is expected to pick up in May 2017 onwards, the production started picking up from mid April 2017.

In terms of value, net turnover stood at Rs 102.14 crore in April 2017 compared to Rs 109.62 crore in April 2016, recording a drop of 6.8%.

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