Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Steel Strips Wheels’ exports are likely to trend up and register 25pc growth in FY2021 on the back of healthy demand in the overseas market. The company received a new export order for 16,000 wheels for truck and caravan trailer market in the EU and the US on Monday, stated a company release. The order worth €1,78,000 ($200,230) will be executed in the month of August from its Chennai plant.


The company had received a bulk order for 1,19,000 wheels for US caravan trailers in the prior week. 


However, in June, company’s wheel rim sales registered a fall of 43pc to 0.65mn from 1.13mn in the prior year month, while tractor sales volumes rose by 45pc in the month. The volumes dropped due to COVID-19-related disruptions and production cuts. The tractor segment is likely to hit all-time highs in the next few months.


Segment wise breakup of growth

SegmentJune Growth (YoY)
Passenger Car-38%
2 & 3 Wheelers-91%

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