Steel Strips Wheels’ (SSW) is ramping up production across all plants to reach capacity utilization of upto 75pc of pre-COVID levels by September, according to a company release. The company is expecting to reach a gross revenue rate of Rs125-130 crore by the end of September.
SSW expects healthy volumes in tractors, alloy wheel and export business segment. Exports are projected to report highest ever figures from July onwards, stated the release.
The company is expecting to hit 80-90pc capacity run rate by Oct-Dec from the Alloy wheel segment. The contribution from passenger vehicle and two-and three-wheelers segments will also start from July onwards and are expected to improve ahead of Indian festive season.
| SSW’s July to September volumes outlook | ||||
| June | July | August | September | |
| Total units | 6,75,000 | 9,25,000 | 10,50,000 | 11,10,000 |