Wheels India shines on signing Technical Assistance Agreement with Japan`s Topy Industries
Wheels India is currently trading at Rs. 896.00, up by 53.00 points or 6.29% from its previous closing of Rs. 843.00 on the BSE.
The scrip opened at Rs. 839.60 and has touched a high and low of Rs. 904.60 and Rs. 838.15 respectively. So far 3815 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 979.25 on 23-Oct-2025 and a 52 week low of Rs. 548.00 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 904.60 and Rs. 799.50 respectively. The current market cap of the company is Rs. 2184.31 crore.
The promoters holding in the company stood at 58.31%, while Institutions and Non-Institutions held 11.76% and 29.93% respectively.
Wheels India has signed a Technical Assistance Agreement with Tokyo, Japan headquartered Topy Industries for the design, development and manufacture of aluminium alloy wheels. As part of this agreement, Topy will provide technical knowhow and engineering support to enhance Wheels India's design and manufacturing capabilities for the cast aluminium wheel business.
Wheels India had forayed into the alloy wheel business in FY21 with a state -of- the-art facility at Thervoy Kandigai in the outskirts of Chennai. Having started off initially by exporting alloy wheels to the US and European after-market, the company is now targeting the domestic market and has commenced supplies to Indian OEMs such as Tata Motors and Stellantis.
The company has also bagged new orders for its aluminium wheels business from Hyundai & Volkswagen and expects to commence supplies next year. Wheels India already has a JV with Topy for its steel wheels business through WIL Car Wheels having a 74% equity holding. This JV is focused on steel wheels for the Japanese OEMs in India.
Wheels India engages in the design, manufacture, and sale of automobile wheels in India.
