SteelStripsWheels
Steel Strips Wheels Jan 2021 sales moves up by 17 pc
Mumbai/UNI: Steel Strips Wheels (SSWL) achieved highest ever sale in January 2021 of wheel rim sales of 15.78 Lacs Vs 13.45 Lacs in January 2020 representing a growth of 17 per cent.
Company achieved gross turnover of Rs 253.50 Crs in January 2021 Vs 179.90 Crs in January 2020, there by recording a growth of 41 pc and achieved Net turnover of Rs.210.19 Crs in January 2021 Vs Rs.147.20 Crs in January 2020, recording a growth of 43 pc.
Alloy Wheel sales Volume Grew by 162 pc YOY in January 2021 Exports Segment volume rose by 89 pc. The export segment achieved highest ever sales in January 2021, and expects the growth to continue going ahead in Q4 of FY 20-21.
PV segment grew by 8 pc YoY. The PV volumes saw a growth with continued demand, despite of Semiconductor shortages in the segment and we hope that the upward growth for PV segment going ahead in Q4.
Tractor volumes rose by 29 pc YoY. The tractor segment continued to report a positive growth in the month. we hope that this will continue with upward trend for Q4 supported further by the upcoming demand during the season.
Commercial Vehicles segment volumes rose by 30 pc YoY The CV segment reported 30% growth YoY despite this segment also faced parts shortages. The segment is expected to witness momentum going ahead in coming months.
Two & 3 Wheelers Segment fell 26 pc The 2/3 wheeler segment continued its drag but shown signs of recovery with MOM growth of 78 pc by volume. The segment is expected to recover in coming times.
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