Wheels India Limited has informed the Exchange regarding a press release dated September 29, 2025, titled "Press Release".
WHEELS · price
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Wheels India has signed a technical agreement with SHPAC, a leading South Korean hydraulics cylinder manufacturer, for technology transfer in manufacturing. The company has identified hydraulic cylinders as a strategic growth area and expects this pact to open up new global growth opportunities. Management plans to leverage the technology transfer to access SHPAC's existing customers and continue investing in this segment. In a related update, Wheels India reported Q1 FY26 (ended June 30, 2025) net profit of Rs. 26.44 crores on revenues of Rs. 1,187 crores, with export revenues crossing the Rs. 300 crore mark. The company, part of the TSF Group, is already a leading global wheel manufacturer for construction equipment, trucks, tractors and passenger vehicles.
This is a positive development for shareholders as it signals diversification into a new high-potential business segment with global ambitions. The technology partnership could strengthen Wheels India's growth trajectory beyond its core wheel business, though actual revenue contribution from hydraulics will take time to materialise.