Steel Strips Wheels Limited to Invest ₹420 Crore to Expand Manufacturing Operations in Gujarat!

Steel Strips Wheels Limited (SSWL), one of India’s leading manufacturers of automotive steel and alloy wheels, has announced a major expansion of its Gujarat manufacturing facility with a planned investment of ₹420 crore. The decision underscores the company’s long-term commitment to strengthening domestic manufacturing capabilities, supporting the growth of India’s automotive sector, and reinforcing its position as a globally competitive wheel manufacturer.

The proposed investment will be implemented in phases and will focus on significantly enhancing production capacity at the Gujarat plant. Alongside capacity expansion, the project will introduce advanced manufacturing technologies, higher levels of automation, and process upgrades aimed at improving productivity, consistency, and overall operational efficiency. This expansion is expected to equip SSWL to better serve increasing demand from both original equipment manufacturers (OEMs) and the replacement market across domestic and international markets.

India’s automotive industry is witnessing renewed momentum, driven by rising vehicle penetration, infrastructure development, and growing export opportunities. Against this backdrop, the Gujarat expansion is strategically positioned to enable Steel Strips Wheels to scale up operations with greater speed and flexibility while maintaining high quality standards. The additional capacity will allow the company to respond more effectively to evolving customer requirements and changing market dynamics.

Sustainability is a key pillar of the expansion plan. Steel Strips Wheels intends to integrate energy-efficient manufacturing processes, waste reduction initiatives, and environmentally responsible practices into the upgraded facility. These measures align with the company’s broader focus on responsible manufacturing and reducing its environmental footprint, while also meeting global expectations on sustainability and compliance.

Over the years, Steel Strips Wheels has built a strong reputation as a reliable supplier to leading automotive OEMs in India and overseas. The company currently exports wheels to more than 80 countries, serving a diverse range of vehicle segments including passenger cars, commercial vehicles, tractors, and two-wheelers. The Gujarat expansion marks another important milestone in SSWL’s growth journey and supports its vision of becoming a globally preferred supplier of high-quality wheel solutions.

The ₹420 crore investment reflects Steel Strips Wheels’ confidence in the long-term prospects of the Indian automotive industry and its determination to play a pivotal role in shaping the sector’s future. Through continued investment in capacity, technology, and sustainable practices, the company aims to drive innovation-led growth while strengthening its manufacturing footprint in India and its presence in global markets.