Latest news with #WheelsIndia
Time of India
18-07-2025
- Automotive
- Time of India
Wheels India bets big on exports biz; makes inroads in construction, tractor segments
Wheels India Ltd , a leading manufacturer of wheels for trucks, agricultural tractors , and passenger vehicles , is betting big on its exports business and has made inroads in the construction and tractor segments , a top official said. The city-based company was also confident that the overseas business to grow this year despite the uncertainty around tariffs. Wheels India Ltd Chairman S Ram, while addressing the shareholders at the 66th Annual General Meeting on Thursday, said the overseas subsidiaries in the United States and Europe would give further thrust to the business development and customer support in these geographies. "The company has made inroads in the construction and tractor segment in overseas markets and the prospects look good," he said, responding to a query from a shareholder. While there was an uncertainty at the moment, he exuded confidence stating his company was positive on the exports front. Referring to the bus segment where the company is a formidable player, Ram said, there has been a 'strong growth' in the bus segment where it supplies air suspension systems and wheels. On the agricultural tractor segment, he said, this segment recorded a 8 per cent growth in FY2025 driven by a favourable monsoon. The company commissioned a new tractor wheel line in March 2025 that would widen the product range and increase its presence in domestic and international markets, he said. On the passenger vehicle segment, Ram said the utility vehicles contribute to 65 per cent of the total units sold. With penetration of aluminium wheels coming close to 40 per cent of the fitment, the company started supplies to one of the big four car manufacturers last financial year, he said, without elaborating. On the air suspension segment, he said this segment has been doing well and his company not only supplied to traditional automobile manufacturers and OEMs ( Original Equipment Manufacturers ) but also has become a 'significant supplier' to electric vehicle makers. Wheels India expects infra-activity to pick up both in domestic and overseas markets in the construction and mining segment, where it supplies wheels, welded structural components and hydraulic cylinders, he said. In FY2025, Wheels India recorded a 56 per cent rise in its net profit at Rs 105.9 crore, breaching the milestone mark of Rs 100 crore as compared to the previous financial year, the company said.
Time of India
14-07-2025
- Business
- Time of India
Wheels India infuses 50,000 euros in its subsidiary 'WIL Europe GmbH'
Wheels India Ltd, a manufacturer of steel wheels and cast iron-wheels has infused 50,000 euros into its newly formed entity and subsidiary WIL Europe GmbH , the company said on Sunday. The subsidiary WIL Europe GmbH is in the process of formation and is yet to commence operations. It is being developed to expand and do business activities in Europe, Wheels India said. "We wish to inform you that the company has infused funds Euro 50,000 towards the equity share capital of WIL Europe GmbH proposed to be incorporated in the name of WIL Europe GmbH, a wholly owned subsidiary of the company," Chennai-based Wheels India said in a regulatory filing. The company would be engaged in automotive-non-automotive related activities and services, and also in supply chain management and other allied services. The capital infusion was through a cash consideration of 50,000 equity shares having a face value of Euro 1 each, the company said. In May, Wheels India said it has earmarked Rs 250 crore as capital expenditure for the current financial year, with the majority of it being set aside for manufacturing windmill components. For the financial year ending March 31, 2025, the company reported a net profit of Rs 105.9 crore, as compared to Rs 67.9 crore registered in the previous financial year.
Time of India
13-07-2025
- Automotive
- Time of India
Wheels India infuses €50,000 into newly formed European subsidiary
Wheels India Ltd , a manufacturer of steel wheels and cast iron-wheels has infused 50,000 euros into its newly formed entity and subsidiary WIL Europe GmbH , the company said on Sunday. The subsidiary WIL Europe GmbH is in the process of formation and is yet to commence operations. It is being developed to expand and do business activities in Europe, Wheels India said. "We wish to inform you that the company has infused funds Euro 50,000 towards the equity share capital of WIL Europe GmbH proposed to be incorporated in the name of WIL Europe GmbH, a wholly owned subsidiary of the company," Chennai-based Wheels India said in a regulatory filing. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo The company would be engaged in automotive-non-automotive related activities and services, and also in supply chain management and other allied services. The capital infusion was through a cash consideration of 50,000 equity shares having a face value of Euro 1 each, the company said. Live Events In May, Wheels India said it has earmarked Rs 250 crore as capital expenditure for the current financial year, with the majority of it being set aside for manufacturing windmill components. For the financial year ending March 31, 2025, the company reported a net profit of Rs 105.9 crore, as compared to Rs 67.9 crore registered in the previous financial year.
News18
13-07-2025
- Entertainment
- News18
Abdu Rozik Gets Arrested At Dubai Airport Over Alleged Theft Charges, But Here's The Twist I WATCH
Related Videos Barbie Launches Doll With Type 1 Diabetes, Comes With Glucose Monitor & Insulin Pump I N18G Ranveer Singh's Gritty Avatar In 'Dhurandhar' Breaks The Internet, Fans Call It Comeback Of The Year Fatima Sana Shaikh & Urfi Javed Stun With Their Fashionable Avatar I WATCH Malaika Arora's Baggy Jeans Look Wins Over The Internet I WATCH Deepika Padukone Twins With Ranveer Singh's Mom As They Fly Out Of Mumbai I WATCH Triptii Dimri & Siddhant Chaturvedi Are All Smiles As They Promote Their Upcoming Film Dhadak 2 Anant Ambani & Radhika Merchant's 1st Wedding Anniversary: VIRAL Moments From The Wedding Of The Era More Videos home videos Abdu Rozik Gets Arrested At Dubai Airport Over Alleged Theft Charges, But Here's The Twist I WATCH trending news Wheels India infuses 50,000 euros in its subsidiary 'WIL Europe GmbH' FGD rule relaxation to cut electricity cost by 25-30 paise a unit Mumbai police constable ends life at his home Rajkummar Rao-starrer 'Maalik' collects Rs 9.47 crore at box office in two days latest news
Business Standard
26-06-2025
- Business
- Business Standard
Sensex jumps 310 pts in early trade; Nifty above 25,350
The domestic equity indices traded with decent gains in early trade, tracking firm cues from Asian markets amid sustained optimism over a potential ceasefire between Israel and Iran. The Nifty traded above the 25,350 mark. Metal, oil & gas and auto shares advanced while realty, media and IT shares declined. At 09:30 IST, the barometer index, the S&P BSE Sensex, soared 310.49 points or 0.37% to 83,070.75. The Nifty 50 index advanced 114.20 points or 0.47% to 25,362.85. In the broader market, the S&P BSE Mid-Cap index rose 0.11% and the S&P BSE Small-Cap index added 0.42%. The market breadth was strong. On the BSE, 1,887 shares rose and 780 shares fell. A total of 120 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth 2,427.74 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,372.96 crore in the Indian equity market on 25 June 2025, provisional data showed. Stocks in Spotlight: Wheels India added 3.41% after the companys board approved to acquire 7,64,533 equity shares or 12.51% stake in Axles India from Forge 2000 for a total consideration of Rs 22.68 crore. Balaji Amines rose 2.41% after the company has received consent to operate the manufacture of ISOPROPYLAMINE (MIPA/ DIPA). Trial runs will be started and commencement of commercial production will take effect shortly. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.02% to 6.284 from the previous close of 6.283. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.8600 compared with its close of 86.0850 during the previous trading session. MCX Gold futures for 5 August 2025 settlement rose 0.11% to Rs 97,460. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.29% to 97.42. The United States 10-year bond yield fell 0.37% to 4.274. In the commodities market, Brent crude for July 2025 settlement rose 17 cents or 0.25% to $67.85 a barrel. Global Markets: Asian shares traded lower on Thursday, with investors still digesting the fragile ceasefire declared between Israel and Iran. Late Monday, President Trump announced a multi-stage truce between the two nations, urging both sides to hold the line. By Wednesday, the ceasefire seemed to be sticking, just a day after both countries said they had wrapped up a 12-day aerial showdown. U.S. Secretary of State Marco Rubio claimed Iran is now "much further" from building a nuclear weapon post-strikes, downplaying intelligence that says the air raids merely bought a few extra months. Trump, meanwhile, credited the swift U.S. military response for ending the skirmish and said he plans to push Iran to abandon its nuclear ambitions during talks next week. Back in the U.S., shares ended Wednesday on a subdued note. The S&P 500 hovered near the flatline, closing at 6,092.16 as investors looked for clues on whether it could challenge its all-time high. The Nasdaq inched up 0.31%, while the Dow slipped 0.25%. Federal Reserve Chair Jerome Powell wrapped up his Capitol Hill testimony, continuing to strike a cautious tone on inflation and trade. While he left the door open for future rate cuts if recent pressures prove short-lived, he avoided committing to any timeline, despite mounting pressure from President Trump. NVIDIA hit a fresh all-time high after Loop Capital boosted its price target to $250 from $175, pointing to strong and sustained demand for AI chips as artificial intelligence adoption surges. FedEx shares dropped over 3% after the company issued a weaker-than-expected profit forecast for the current quarter.
