Srivats Ram, MD, Wheels India,
| Photo Credit:
SIDDHARTH K
Wheels India Ltd registered a 4 per cent rise in net profit for the quarter ended June 2025 (Q1FY26) at ₹26 crore, compared to ₹25 crore in the corresponding quarter of the previous year. Revenues increased by 9 per cent to ₹1,187 crore, compared to ₹1,088 crore in the year-ago period.
Exports crossed ₹300 crore in the quarter at ₹324 crore (₹259 crore), according to a statement by the company.
Srivats Ram, MD, Wheels India, said, “Our revenue growth in the first quarter was driven by demand from export customers. Bus customers in the domestic market drove demand for our air suspension systems.”
The company, which makes wheels for trucks, agricultural tractors, passenger vehicles and construction equipment, recently set up a subsidiary in Europe with a share capital of 50,000 Euros and expects this to drive business development in the region.
On the overseas expansion, Ram said, “The subsidiaries in the US and Europe are part of our long-term strategy to focus on and leverage opportunities in these two geographies in both the auto and non-auto segments. While we already have customers in these regions, we believe that a local presence will enable us to better service their requirements and build a foundation on which business can grow over the next 3-5 years.”
On the growth outlook, Ram said, “We expect strong tractor demand in the domestic market given the good monsoons this year. On the export market, given the headwinds related to US tariffs, we have to wait and watch as to how these unfold and the impact they will have in the short-term. But we are positive on export growth prospects over the long term.”
Published on August 5, 2025
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