CapEx Tracking the Creation of New Capacities
From Intentions through Implementation and Completion.
22 May 2021 9:59 AM, Tidings Rinkesh Shah

Wheels India plans Rs.1 billion capex

Wheels India plans to set up a new plant to make components for windmills and also expand the capacity of its cast aluminium wheels production at an outlay of Rs.1 billion in the ongoing fiscal. Wheels India rolls out wheels for trucks, buses, agricultural tractors, construction equipment, utility vehicles and passenger cars with manufacturing plants at Tamil Nadu, Maharashtra, Uttar Pradesh and Uttarakhand and a combined overall annual capacity of about 10.3 million wheels. Over 50 per cent of the Company’s business accrues from the manufacture of automotive wheels for commercial vehicles.