Wheels India has planned a capital expenditure of Rs 250 crore for the current financial year, with a major part dedicated to expanding windmill component manufacturing. The company’s managing director, Srivats Ram, expects strong export growth and new product developments to drive business over the next few years.
Capital investment and expansion plans
Wheels India will invest Rs 100 crore to increase windmill capacity. Besides this, the company plans to invest in aluminium wheels, balancing equipment, and hydraulic cylinder businesses. Ram said, “We will be investing Rs 250 crore in capital expenditure this year, including Rs 100 crore in the windmill capacity expansion.”
Strong export outlook
The company is optimistic about exports. Ram explained, “We believe exports will be strong this year. We have built the groundwork based on which customers will roll out programmes. Testing and development of products are being done. Our effort on exports over the last five years is starting to bear fruit now.”
He added, “We have decent visibility on exports and are positive about the prospects. We expect growth to show up over the next three years.”
Financial performance and business overview
Wheels India reported a net profit of Rs 105.9 crore for the financial year ending March 31, 2025, up from Rs 67.9 crore the previous year. Revenue stood at Rs 4,425 crore, slightly lower than Rs 4,619 crore the year before.
Wheels India manufactures wheels for trucks, tractors, passenger vehicles, and industrial components for construction and windmill industries, operating plants across Tamil Nadu, Maharashtra, Uttar Pradesh, and Uttarakhand.